Post
Topic
Board Speculation
Re: nrd525 Market Tracker
by
nrd525
on 03/03/2024, 13:39:08 UTC
Price action is very bullish. BTC up to 64k and only a small pull back and now steady at 62k.

Gut feeling is that it could go 90k-100k this year.  Maybe more.

ETF inflows are huge (see Glassnode youtube). Social risk is low (see Into the Cryptoverse youtube).  Google trends are lower than 2021 and 2018.

That said, I like to buy it when it is 75%-85% off the top in bear markets.  I expect future bear and bull markets to be muted. So buying a 75% move (say at 25k, after peaking at 99.9k) might be the play - whereas if you wait for 15k bitcoins in that scenario - you won't get them.

I haven't decided if I should try to sell some at the top of the bull market, or just hold for another cycle or two (or hold for a very very long time).  Timing the top is extremely hard. Last time we had a flat double top which was very atypical of prior cycles.