Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
What do you guys think will happen in April? Are you going to climb further above $30000 or are we going to be stuck in the $25000-30000 range because this is the best Bitcoin has looked in a year and I think the overall mood is good but I never know how to gauge the trend of a bull market. I think the WO squad are more insightful then a lot of the internet so I am keen to hear your opinions about where you think we are heading.
I still think things will play out like I mentioned back in January:
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, occasionally teasing > $30k only to get squashed down over again and again.
But it'll still be a good thing, because On Like Donkey Kong.