Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
If this plays out Bitcoin will face a modest pump towards ~$100k, dumped back to $60k ore so. Will decouple from stock market by 2024 halving with a glorious mega pump to $200k - $400k.
https://twitter.com/JC_Investment/status/1586029165836632064
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SPX longterm outlook for the next 4~5 years.
Thank me later.
Thank me later.
https://twitter.com/JC_Investment/status/1586029165836632064
merited..., but I am having difficulty correlating your btc scenario with his S&P500 scenario.
I am really surprised by the gold behavior so far...it is seemingly in a coma (predicting asteroid mining?)
If someone would have told me beforehand that gold would be declining when inflation is at 8-10%, I would have been very surprised.
I guess the main conclusion would be that he proposes that markets would become unhinged and chaotic, swinging between a new ATH and a new (at least decade) low within a year.
in trad. markets there are several "experts" who expect a final super rally before everything goes to shit...
ah...the last, last hit, right?
In all secular bulls there are always those who predict a "last", almost vertical rally and sometimes it happens, but most often, not.
Did happen in gold circa 1980, but did not really happen in 1989 Japan (rose "only" 30% in the last year)...followed in both cases by a ~20 year bear.
if the prediction in the above chart is correct and Gold goes to 20k, BTC might explode as well... if enough people regard it for what it is... a save haven