Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
⭐ Merited by JayJuanGee (1)
If I have to describe in one sentence the price action in 2019 and 2020 it would be "The battle for 10K". I'm just curious which will be the new 10K for 2023 and 2024 - 30K, 40K or even 50K? My guess is 40K.
My guess is $29,900 will become the new $9,900.
It'll go sideways for what seems like forever, teasing > $30k only to get squashed down over again and again.
But it'll still be a good thing, because On Like Donkey Kong.
Hmm, we're already at $23k. I'm really curious if, when and at which price-range "the battle" will play out, it might give a good hint ot two about where we will be heading in 2024/25.
Yeah we're at $23k already, but I feel like this is just whales coming back into a market they completely dropped out of in November, pumping leverage back in.
That is how it always starts anew, a big swing up, followed by a ridiculous amount of sideways. They accumulate forever on sideways using leverage.
At least that's how Bitcoin bottom reversals always have been in the past.