Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
⭐ Merited by JayJuanGee (2)
Mathematically, the projection of these number series is $36280 by halving, but I don't want to believe this number (too small).
If by a % of prior ATH, the repeat of prior 'arrangement' (between the prior ATH in 2017 and 49% of it at halving in 2020) is even slightly smaller at $34236, which also feels a bit low.
IMHO, 45-55K is where we should 'aim' at.
Unfortunately, science doesn't care what you (we) believe.
But Bitcoin is a stochastic system, so, in some sense, we are allowed to believe what we want (within bounds). On ETF approval, I believe we'll settle around $50k as a worst-case scenario, with an open top, reaching ATH and beyond, if a FOMO pump is started.
Whatever happens, 2024 will be a breath of fresh air, much needed after the last few years' relatively boring price action.