Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Morningstarr
on 01/09/2022, 10:56:51 UTC
⭐ Merited by vapourminer (1)
So, I expect the price to begin leveling off and gradually entering a semi-bull market similarly to both 2015 and 2019. There will be some oscillations, but I expect a clear average price increase of 2-3 times before the next exponential bull market, hopefully in 2025. Yes, it may hit 20K or a little below 20K a few more times, but it is unlikely to break 17.5K anytime soon. It could happen in a few months, if Tesla and other tourists rush to sell again, or if some stable coin explodes. For now, however, the dynamics of the market do not show such signals.
I still think that when the market reaches around $17k and people open long positions, So this time we will see one last unexpected dump which will cause BTC to reach $15k or $12k. During the journey of bitcoin from $18k to $25k, everyone thought that the market would go comfortably to $30k but during that time the rising wedge broke and according to this pattern it is not possible to return before $17k when BTC reaches $17k or $18k, it will be a better idea what is the mood of the market.

sorry, 15k-12K is not very original..it has been repeated a gazillion of times here and elsewhere.
Covid restrictions in China,  interest rate hikes by the Fed, and continuously rising inflation after such negative news for global economy, Oil prices fall... Won't all these negative news affect the price of Bitcoin?