Quote from: Torque on Today at 03:30:27 PM

Quote from: Torque on January 21, 2023, 04:01:15 PM

Quote from: ivomm on January 21, 2023, 03:21:20 PM

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.

^^^^^^^^^^^
Hot take: We are here, and my estimate is that we will remain in this range, barting up and down, throughout 2023 and possibly into 2024.

Oh my!!!!!!!

What happened to you? Shocked

Did you fall off of your sundeck while you were roasting up some BBQs (burgers) for ur normie no coiner relatives? Maybe you started BBQ roasting before the ice had sufficiently melted?

Do you even know how dee cornz wurks anyMOAR^**?

** no representation contained within this responsive post is meant to concede that you may well have had prior knowledge of the dynamics of my lil precious.

Cheesy

Quote from: Torque on Today at 03:30:27 PM

Don't see any reason on the horizon for that to change until closer to halving. There will be a number of 'head fakes' along the way.

The only thing that could really alter this range bound is if Fed rates dropped by at least 2% or more.

That's not likely to happen... but never say never... and holy shit.. since when has honey badger been correlated with stonks? I suppose if you are too busy failing and refusing to understand dee cornz, then sure, you likely are going to place decent amounts of value into such false ideas of correlation that do not exist with dee cornz. But hey.. you do you.

Tongue

Quote from: OgNasty on Today at 05:03:54 PM

Looks like the market didn't do much after the swings last week and is back to a consolidation phase just under $30K. The fact this is happening just below $30K instead of above it makes me think this rally may be starting to lose a little steam. I'm sure the movement of mtgox coins spooked some folks into selling but the buyers were there to scoop up the BTC and bring the price back up. I think we've got some choppy trading in the near future but once the mtgox coins and US gov coins are bought up, it will be off to the races. That should supercharge the halfining and set us up for a nice run into the next bubble as spot ETFs begin getting approved.

You seem to be giving way too much significance towards some kind of a need to get above $30k in order for the BTC price to have UPpity inclinations, and the fact of the matter is that $31k is the top of the price range for the past year.. so it remains quite difficult to understand why you would conclude that there is any kind of meaningful bearishness to the failure of BTC prices to get above that price point in the past 6 weeks or so.. and really if you look at the charts, the BTC price had not even been above $25.5k for nearly the past 11 months.. so it seems that you are reading way too much into minor differences in where the BTC price seems to be bouncing... even if there may well end up being some kind of a significant correction, it seems quite clear that the BTC price has largely been bouncing around at the top of the range in the past 6 weeks or so.. whether below $30k (as is the current situation) or if it happened to be the case that the price might be able to stay higher (such as above $30k).. which in the end seems like a BIG SO FUCKING WHAT? in terms of whether the current BTC price dynamics are sufficiently bullish or not.

In udder words, .... seems pretty damned bullish to this here cat to be seeing sustained BTC prices above $25.5k.. and wake me up if the price goes below that.. and maybe I still might not get excited even if there might be some correction below $25.5k that might end up lasting for a wee bit of time.. even a month or so.. (not saying that it is likely to happen.. even though such a thing could happen and would likely not even detract from the bullish place in which we seem to be).. given the total context of where we are at and how we got here and where we might be going.... and sure, even you seem to be acknowledging where we might be going.. even though you seem to be wanting to get excited about trying to proclaim Nostradamus-like calls about the short term that seem to be a stabs in the dark at best. #nohomo

Cheesy