Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
death_wish
on 15/06/2022, 08:15:53 UTC
Price won't hold for much longer.

Imagine we break 2017 all time high, that would be uncharted territory  Undecided

It looks very likely, especially with the Fed meeting coming up

What do we consider the 2017 high 19.6k or something?

We are already far below the 2017 top.  I recently got in an argument about this—when BTC was around $28k.  Now, I do not think anyone can question my statement that $19k (hah, $19.6k) in 2017 dollars bought much more goods and services than $20,360 at this moment, as I write this.



Who puts August–September 2015 in a “bull market”?  (Or any of 2015?)

I was just saying something that implied August–September 2015 could be a precedent for us to scrape along/below 200 WMA for the next month.  (If you believe that past performance indicates anything about future results, etc.)

The chart itself shows that 2015 was a bear year—i.e., a great time to buy.  But the chart labels it “bull market” based on a technical indicator widget.  “Bear” or “bull” means the price, not an indicator someone believes to predict future movements in the price.