Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Subbir
on 28/08/2023, 02:50:58 UTC
What do you guys think will happen? Will it hit 35k by the end of 2023 or it go down 25k? Waiting a lot for the outcome.

Even though you did not frame your question very well, you seem to be asking whether the BTC price is going to break out of the "don't wake me up zone," which coiuld be argued to be $25k to $35k, and which way will it break out and will such break up happen by the end of this year.


I am quite likely not going to be holding my breath for any of this, even though I do see why some people are getting bored, and maybe they feel that they already accumulated enough BTC in these prices, which maybe it could be the case, but being more than $1k below the 200-week moving average (at $27,498 right now) does not seem to be a very healthy place in order to have a further break downwardly.. but hey, breaking down (if it is possible) might end up shaking some weak hands, if it does not end up recking some bearwhale twats prior to their ability to be able to buy back the coins that they had ended up selling in such desires to try to get the price of cornz to go downity rather than uppity or sideways.

I think it's better not to worry too much whether the price of Bitcoin goes down or up ($25k to $35k or $45k), because the price of Bitcoin will always go up and down, but if someone wants to hold Bitcoin, then and It will be his best decision to wait for the right time. Especially those of us who are new always think that they will buy Bitcoin when it goes down and sell it when it goes up, but that's not always the case.