Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
⭐ Merited by JayJuanGee (2)
Didn't someone recently predict that we were going down to $25k? 
HoDL.
HoDL.
Down to $25k were the conservative ones... and they said it was "for sure," too.
Many of us know that it is only "for sure" after it already happens rather than before-hand.
Sure, a mere 4-hour bump of $3.5k from $38k to $41.5k (as I type this post) is nothing in which we can absolutely rest our laurels.. and I am still not going to start to feel comfortable until getting above $46k for a day or so... .. even if we were to have a $20k week candle (or maybe a 3-day) (seems like a fantasy to be thinking about 50% up, no?)... there needs to be some sustainability.. even though those kinds of moves do cause some price cushion and do end up costing those who want to try to expend capital to push the BTC price back down to its earlier lower levels.
Bitcoin's recent price performance, amidst the Russo-Ukrainian conflict, certainly serves as yet another confirmation of the sheer strength and robustness in its design. I'm fairly confident that prices of $25k, and certainly those below the 200-Week MA indicator (currently at $20k), will never be visited again, thereby affirming the current "fuck-you" rich status Bitcoin threshold at 100 BTC.
In fact, and this is purely a SOMA guess, I expect Bitcoin to pleasantly "surprise" us this year, with prices exceeding ATH, and possibly nearing 6-digit territory. This will gradually lower the above "fuck-you" rich status threshold, thus giving more hope of attaining such status to the octopuses, crabs, and other low-end marine species out there.
Studying the history of the 200-Week MA indicator, it can be seen that there is at least an order-of-magnitude (10x) increase in its value roughly every 3.5 years. Assuming that this trend will continue, one can expect its value to reach about $200k in early 2026, at which point owners of a mere 10 BTC can safely attain "fuck-you" rich status and start seriously enjoying their Lambos, hookers & blow.
tl;dr: In 2026, 10 BTC = "Fuck-You" rich. <--- mindrust could have been there. Make sure you are!