Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
⭐ Merited by dragonvslinux (2)
We’re just here chilling, thinking this is the bottom & we can’t go any lower.
Nah, I think almost everyone here is aware that we indeed could go lower..
Question is if people want to wait for a possible 17k-25k price that might never happen. Or do they choose to buy for 27k-30k.... and how much does that even matter
I remember that there was also buying hesitation in the 3k area last time, because people were calling 2k, 1k BTC.. even sub 1k.
But yeah, let's see
In fact going below $19k would mean we'd break another BTC pattern of never going under the previous ATH. After we had no blowoff top this cycle I won't be surprised however.
Yup. Although, the same fact could lead to the opposite argument as well: since we had no parabolic blowoff, we won't have a 80%-85% low as well.
If we were to go under the last cycle's ATH, it would certainly shake out the market extremely well. Actually a perfect base for an extreme bull to 200k-300k ...