Post
Topic
Board Speculation
Re: Is the $17,000+ bitcoin price breakout benchmark to new price direction
by
proudhon
on 09/01/2023, 15:30:03 UTC
Quote
Is the $17,000+ bitcoin price breakout benchmark to new price direction

No. The price will fall back below $17k before it can spend more than 5 days above $17k. There is no path for bitcoin to sustain greater than 5 consecutive days above $17k this year. We could possibly see it in 20-30 years when bitcoin is a digital collector's item, but by that the cheapest Toyota EV will cost over $100k and a starter home will be over $1m.