Post
Topic
Board Speculation
Merits 5 from 1 user
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Biodom
on 07/12/2023, 20:00:22 UTC
⭐ Merited by El duderino_ (5)
Short term, who knows, longer term we are clearly in a bull market.
looking backwards, bitcoin have had 40-50% "corrections" during prior bull markets, which is unheard of in h stock market.
When stock market corrects 20% it is typically declared a "bear market" on the spot.
Since wall street is clearly contributing to this bull, I would expect them to act as a support when a correction (not necessarily this one) would reach -20%.
$44.2KX0.8=$35.36K-that's the spot.