Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
d_eddie
on 14/10/2024, 10:19:35 UTC
⭐ Merited by Paashaas (1)
$65K Bitcoin and search interest is the lowest it has been since October 2020.

Right before it pulled a 7x.

Quick maffs: $65,000 x 7 = $455,000

And that was a muted bull run thanks to Scam Bankman, Chyna ban, and no ETF on-ramps.
Stay cool. But don't underestimate The King.

sauce: https://x.com/stackhodler/status/1845743830370255155

Let's not forget that the money inflow needed to lift our number by 7x is not the same as it was: it depends on the price when the liftoff starts. Not saying 7x in a few months is out of the realm of what's possible, but only that it's not the most likely course. I wouldn't mind a short term (2025) 3x-4x to be honest, which appears to have higher chances, based on sophisticated SOMA models.