Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
⭐ Merited by JayJuanGee (1)
The four year bitcoin cycle is dead, IMO.
This time is different:
1. Purchase of $MSTR completely new supplies
2. $MSTR copy-cats/other corporate buyers
3. State buying/establishing $BTC reserves
4. A massively pro-Bitcoin administration in the US for the next 4 years
$BTC is only going to go up from here, with some volatility.
X
This time is different:
1. Purchase of $MSTR completely new supplies
2. $MSTR copy-cats/other corporate buyers
3. State buying/establishing $BTC reserves
4. A massively pro-Bitcoin administration in the US for the next 4 years
$BTC is only going to go up from here, with some volatility.
XNah, it probably isn't.
once the price overextends into the "stratosphere", it would still go down more than 50%..maybe 60 or even 70%.
If the peak would be at 135K, then it might not decline more than 50%-->67K
If peak would be at around 230-320K, then maybe down 65% to 80-112K if I would be optimistic.
Still, it would be an advance to an "expected" (from prior cycles) 70% decline.
personally, i still think that we would decline 70%, but from where would make a big difference...but something like 60-75K at the next bottom might be a realistic number, with 40.5K (coming from a "low" high of 135K) being the harshest and most tearful scenario. The latter would almost completely "kill" MSTR (if not the stock, then certainly their 42B bitcoin yield strategy).