Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
little mouse
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little mouse
Good thing that I did not say "bloody mary" three times, we would have been totally screwed.
Edit- There's a poll on "Where is the bottom?"
It's already below $18k and I'm more than happy as I have all the USDT saved from the sale I had in the bull. I'm praying for BTC to go below $10k lol though I think $10k will be the bottom as someone said in a block "Last time to buy below $10k (or $9k). I will dump all my crypto asset for BTC at that price though I'm buying ever since when BTC hit $21000 recently.
It's already below $18k and I'm more than happy as I have all the USDT saved from the sale I had in the bull. I'm praying for BTC to go below $10k lol though I think $10k will be the bottom as someone said in a block "Last time to buy below $10k (or $9k). I will dump all my crypto asset for BTC at that price though I'm buying ever since when BTC hit $21000 recently.
Difficult to expect prices below $10k.. even though we know that extremes are possible, and the trend is your friend...
But are current local low of $17,593 is already 21% below the 200-week moving average (which is slightly above $22,300).. so how much more of a bottom is really realistic? Another 20% to 40% dump at most? That would put us somewhere between $10.5k (for 40% more) and $14k (for only 20% more).. and even getting to $14k seems a bit much of a stretch from my perspective.. but hey what do I know.. I would have never thought that the odds would have been very high at all that we would have gotten to where we are at, at least not in this cycle.