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Topic
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Merits 3 from 3 users
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Biodom
on 14/10/2024, 23:19:16 UTC
⭐ Merited by JayJuanGee (1) ,bitebits (1) ,vapourminer (1)
A nice price action... Cheesy

Yesterday, Ben Cowen showed the last three halving years..in all three it was pretty much up only from Oct to Dec.
If politics cooperate, it just might happen again.
I had the most 'pleasure' during one post-halving year, though,..2017 when it ripped from around a thou during spring all the way to almost 20K late in the year.
THAT was unbelievable.

Now, I don't feel like we have any clue as to what might happen, albeit MSTR declined today after an initial pop.
Maybe it would cool off for a bit, but bitcoin can still rip up regardless.
Is 3-3.5X possible? You betcha... with 7X-possible in a rare case of confluence of many factors that could appear paradoxical, initially.
IMHO, the giant rip up in 2017 was based on the fact bitcoin successfully fought off the cabal that tried to tame it by imposing a larger block size (needless to say that "the cabal' was supported by largest corporate players at the time).

Can bitcoin fight off something now when it seems to be progressively integrated into the fin system?
Maybe..., but only in a case of a bonds market "hiccup", which I do not wish for.
Imho, apart from that, it is difficult to see 7X from here in a short order...and by 2028..sure.