Quote from: asriloni on Today at 12:59:22 PM

Quote from: $weetne$$ on October 08, 2024, 10:01:40 PM

Quote from: piebeyb on September 01, 2024, 04:05:59 PM

So is it possible that history will repeat itself and of course I need to see a lot of speculation in this thread and also bitcoin price analysis next year whether it will repeat the cycle or not. while the $100k price target is highly anticipated Wink

2025 Bitcoin goes to the moon and nothing is likely stopping that from happening unless we get a WW3. After halving, it's only one way to the top that is left. This is what that has been happening since so why do we think it is going to change now that there are more people in the market, investing in anticipation of a bull market. We got lots of institutional investors pouring in millions of dollars into the market. $100,000 is in no doubt during this bull market. I read that many anticipated it to happen last bull market but it did not happen but stop at $69,000. We have already passed that price and we are not yet in the period when the highest price of Bitcoin used to come out. The market might not always follow the exact pattern of past market but there are always similarities and it is showing already that we are going to experience a bull market next year.

Basically, it's quite easy to predict the pattern of bitcoin now. And there are some things that really affected bitcoin's price.

1. US market
2. Stable token dominance

This time, the stable token dominance is always moving down gradually, which means people are pouring their money to the market to buy bitcoin. And now, bitcoin is even surpassing 65k. It can be considered as a bullish sign. However, some people are still doubting it, but see ing how SP500 & DowJones recorded new ATH last week, and i believe bitcoin seems undervalued considering it's not yet reached new ATH. Bitcoin is always tied to the US's stock since it was being added as ETF, and i watched its price movement everyday caused by i'm a daily trader.

Sure, do what you like. Go ahead and trade one of the best (if not the best of) assets currently available across the whole world and you are fucking around with ideas of correlation based on your short term perceptions, which may or may not be correct, even within themselves, even if maybe so far you have had luck trading upon such perceptions.

You are delusional if you believe that bitcoin is long term correlated with various stock asset classes, and hopefully you either don't end up losing your ass too much or even underperforming a more straight-forward investment strategy that largely just focuses on ongoingly accumulating bitcoin without fucking around with selling it. and yeah maybe that is too boring for you, even though on the longer term many if not most or an overwhelming majority of long term investors have outperformed most of the traders by merely buying and holding rather than trying to accumulate more BTC by engaging in selling tactics.

Frequently traders cannot help themselves and they end up selling too many too soon, but they would not necessarily admit it.. even though perhaps you might be one of the lucky ones who does not end up performing worse than someone who just buys and holds.