Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Apparently there are 3 prevailing theories for the direction of BTC.
1 BTC tanks further and doesn't recover to a new ATH until 2028
2 BTC has bottomed and we make a new ATH at the end of 2024 and peak bull in 2025 (traditional cycle) *
3 BTC hasn't bottomed (a black swan event causes further declines) but we still make a new ATH at the end of 2024 and peak bull in 2025 (traditional cycle with a near death experience? lol)
* bitboy's prediction.
It's a lot of sideways and maybe some down followed by some up.
HODL
I think scenario 2 or 3 are most likely. Im leaning towards scenario 3, I think more pain due to the situation the world financial markets are in. The US havent even admitted were in a recession yet.