Post
Topic
Board Speculation
Re: Bitcoin current stage and price
by
buwaytress
on 04/08/2021, 11:08:51 UTC
being between 40-37K is not a sign of weakness.

Heck, for the past months BTC stabilised around 30K which makes it possible that this Christmas will be a good time for HODLers. To my view, the markets are looking positive, wouldn't you agree?

Yeah, it's a sign of lack of momentum yes, but I'd say it's more of a sign of weakness from the bears that they haven't been able to hold back renewed pushes to overcome this, while 200MA keeps rising.

It's definitely a positive outlook for the medium term, and if somehow the market gains steam before August is out, then the promised land of 100k beckons still in 2021.

Before the end of the year a new ATH will be established watch this space

Don't doubt that. But whether it's 70k or 100k, that is the question for me;)