Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Biodom
on 21/06/2023, 17:12:05 UTC
⭐ Merited by Paashaas (1)
We are so back!

Bitcoin to $180,000 minimum within 18 months.

$200k - $300k i guess with a classic soul crushing 50% - 70% drop will land the price nicely under $100k and above last $69k ATH.

Imagine buying back at $80k and witness the awe inspiring pump towards the $500k - $1 million range in 2029.

<snip of gif>

To me, it is risky to assume that 70+% downs will continue. They probably would if we peak at 500K, though.
if the large decline continue-s short calculation: assuming that we underscore the prior peak by the same % as in 2022 means the next LOW (after the ATH) would be 55.42K, making the 2024-2025 ATH at 222K (if decline would be 75% vs last of 77%) or 184.7K if the followup decline would be 70% (most likely scenario as we seem to lose about 7% decline "potential" every cycle: 77 vs 84 the last two.

TL;DR The peak might be $185-222K, then low of 55-60K. This means buy now and don't sell.