Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
JayJuanGee
on 09/03/2024, 21:00:07 UTC
Are y'all going for a quadruple top or something? The collapse on the other side of this is going to be really bad.
Oho! Look who's here! I'm buying the rumor right now...
He’s not wrong. The drop from $250K down to $75K is going to be brutal.
Such play out would be a gift from heaven

250 - 75/120ish

That is still pretty specific, and of course a correction from $250k to $120k is barely over 50%, so in that sense $75k would be right around 70%, which seems more realistic.. so gosh, who knows?  We could have several 20% to 50%-ish corrections between here and $250k, but who even says that $250k would be the top, since that is not even quite half of gold's market cap.. ...so maybe more realistic to be thinking some where between $250k and $600k as a reasonable top for this cycle.. even though I still find it difficult to assign very high values to upside scenarios, since I would prefer to error on the side of conservatism.. even i am tentatively thinking that the upside for this cycle could be $2 million or more, with about a 0.5% likelihood... so the other 99.5% of other possibilities would have to be contained below that.... meaning between $70,184 and $1,999,999.99.  Nice if it would end up being a 1 and 8 9s.