Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
DYING_S0UL
on 28/08/2023, 03:00:16 UTC
Seems like $26,000 is the new steady-state price... For how long? "Please, Bitcoin, do something!" etc., etc.

It always locks on round numbers. Must be human psychology. Would be interesting to see the price lock at $26,450 for a change. Or, even better, lock at $264,500.
(Most) folks just tend to be drawn to simplicity.
I confess, me too. "Buy and hodl" is my favourite  Cheesy
Back in the early days, I used to set limit prices based on the digits of Pi or other math constant. Like $314.159. It was fun to spot the transaction as it went through in the order book. Now I just do round numbers like the rest of us.

PS: This could even be an OPSEC issue I guess (but I bet there are many more OCD types out there)...
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.


Yeah I didn't ask properly. But it was hoping for something like that and you got it correctly. I was just hoping for a guess. I think in crypto anything can happened and it's not like it's the first time. Bitcoin surprised us many times. We sill have 4 months to speculate and see. So lets observe how it goes.