Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
At what price do we start to get concerned about whether we are still in a bull market?
Observing $55,456 and 26% down from ATH made earlier this year. Six months of chop (lower highs, decreasing price, no bounces now) back to the price we were at in February.
Sorry for being a bitch guys, obviously selling nothing. I will go down with the ship, relying on four year cycles but seriously WTF.
Last cycle COVID neutered our bull run at 69k. Is it going to be fucked by macro finance this time, the US economy is creaking, recession likely.
Happy to read some HOPIUM boys.
Pls don't be sorry! I enjoy your thoughts.
There sometimes is an almost religious fanaticism of WO members that attack anyone who wants to discuss potential short/midterm bearishness. It must look quite stupid to outsiders, and probably doesn't leave a good impression.
Of course it needs more money to pump the prices compared to 2013 or so. But nevertheless I have the feeling there is some price suppression going on, since the 2017 top. It might be the derivatives, or at least a combination of things including them. But what do I know. However ... I have the feelingTM that there is quite some selling of non existing coins happening.
Just remember, 94% of all BTC in existence is already mined. Over the next years we will probably see a hard fought distribution with a lot of shenanigans happening.