Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
OgNasty
on 22/04/2022, 16:16:13 UTC
As the trend continues to be down since the ATH, you have to wonder if we will see the return to $10K that was the accumulation period before the last big jump. Billionaires are buying in and fighting the cyclical trend, but they appear to be losing. With the purchases between Do Kwon and Michael Saylor, I thought we’d be over $50K by now. If those two weren’t buying, we may already be at $10K. I’d be hesitant to make any moves trading one way or the other here, but I think it would be unwise to assume we can’t see a prolonged price decrease for potentially the next year or two that takes us to test the last held support levels.