Quote from: Yaunfitda on August 29, 2023, 09:39:09 PM

Quote from: BlockaFett on August 28, 2023, 10:22:08 AM

Under 20 000 is ultimate buy.
I doubt it will drop this low.
23600 approx. is my prediction by TA.

Unfortunately, not going to happen mate, and so hopefully there are still investors who bought it when we are in the $25k'ish because that price range is no longer available for us. The price just zoom above $27k because of the good news about winning a case against the SEC regarding Bitcoin ETF review.

And this is what we are all been saying, that of course we wanted to see the price go down a bit further. But those wait will also go against us in the long run just like what we have seen this month. No one expected it to go down hard to $25k, but then a quick rebound before the end of August.

Grayscale's win over the SEC is what caused bitcoin to surge today and it turned all technical analysts' predictions wrong, but will that be enough to prolong this bullish momentum? And would that be strong enough for the SEC to accept any ETFs? In my opinion, the SEC loses the case but that doesn't mean they will accept ETFs quickly, maybe they will continue to find other silly reasons to refuse to accept ETFs. And the halving is still very far away from us, so there are still many corrections that are inevitable. Let's not rush to celebrate and let our guard down, $23k or $20k can still happen, IMO.