Quote from: South Park on July 24, 2021, 08:07:43 PM

Quote from: slowlyslowly on July 21, 2021, 05:11:08 AM

Very rarely has bitcoin price gone below the 200 WMA and when it did it has recovered after a month or two. Not sure why $30,000 seemed to be checkpoint that took some time to go through other than it is a round number and maybe people had positions at that mark. Anyhow I see no reason why it cannot fall to the current 200 wma ($13,800?) after maybe slowing at $20,000 for the same reason as $30,000.

So I think bitcoin at its current price ($29,000 ish) is great buying but if people spread their buying out a little over time (next few months?) I think they will benefit even more.

To me this $12,000-$29,000 is the same opportunity we were all afforded when bitcoin was last "cheap " at about $250 in June 2015 and about $3,300 in February 2019.

Arguably with bitcoin on average doubling every year any time is good buying but now is a superb time to buy. And who knows when or if ever again the stars will be so aligned.

(this is not financial advice)

I do not know, the prediction seems really low and we will basically be very close the where this whole bull run started, you may be right but I do not see it, I think it is way more likely that at worst for now we see a 25k price and then a lot of people will get scared and sell their coins and we finally see a tremendous recovery by the end of the year, and then and only then we could see the price crashing and remain at very low levels for a long time giving us the opportunity to buy bitcoin for cheap again.

Not sure about the $25k price, but seeing how the market is bouncing in the last couple of days, it seems that we are not going that low in the next 2 months or so. And after that huge dip at $29k, we are not heading to $35k. So for obvious reasons, it was the buying price that everyone is looking for as they many investors fill their bags again with cheap bitcoin.

Of course, for us average joe, a good $25 price is good, but I don't we will reach but as majority have said, the 200MA is a good indicator as we are still in the uptrend generally speaking.