Quote from: ololajulo on August 05, 2022, 12:50:33 PM

Quote from: btc_angela on August 03, 2022, 11:23:57 AM

I think otherwise though, I mean if we go like $3200, I will assume that this is a perfect opportunity for us to buy cheap bitcoin and so everyone will be buying at that time that will push the price higher.

And when the eventually bull run arrives, then $100k will just be the beginning. And that could be the first time that we will see a massive bull run in the x number of returns. So I will not be nervous in the price goes down to that level. And we will love to see the price finally hitting the 6 digit, it will be the first time.

Remember that last cycle bottom was 3200, so how do you expect something different with the economic situation in the world? how to motivate new institutions and bring new money in the market with terrible recurrence of the dip at that level? The same size of money will be used to pump the market if not more, the loss in the market and low motivation will be too bad to deal with. Lets just hope we dont reach 3200, is not good for bitcoin at all

You've got it the wrong way around

Bitcoin is a safe-haven for value if you are prepared to wait for 4 years.
Many companies and countries are moving towards crypto because of these bad economic. Only reason they aren't doing it is because of regulatory issues that will soon be resolved.

Your low is based on the previous ATHs but the last ATH was a double top where you can see that the macro conditions prevented it to peak to the expected 100k, therefore I would not expect the lows to follow history either. With the current responses on selloffs I would not expect 12k.

That said the chart looks like a classic V-shaped recovery.