Post
Topic
Board Speculation
Re: Bitcoin @ $50k
by
RealMalatesta
on 22/08/2021, 18:26:13 UTC
An entire month now of higher highs on the weekends, always starting on Friday, stretching a couple of days, and then pullback mid-week. Don't know about you guys but that really looks like momentum building en route to ATH test.

Really looks like 50k could be the marker for the rally everyone's waiting for but I personally think the ATH will be the catalyst; we're going to be oscillating like the last 4 weeks in higher ranges until 60k.
That drawback is almost always a sign that someone is bubbling up something and I believe that we are definitely going to end up with something big in the near future. I can't say it with confidence like you have that it will be going up, I do believe that it is definitely that but I can't tell that to others yet because I do not trust my gut enough to try to convince other people about it as well.

However the big movement part is definitely true, that is almost always true on bitcoin that something slowly and gradually happens and then BAM! suddenly you get it. I believe that it could be down or up (probably up) and the price will be like 50% changes suddenly. That is why I believe making moves right now is not a bad idea, it is up right now and people are afraid to get in when it is already up and they are very right, but this could be a rare case going up even after another up.