Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Wind_FURY
on 24/11/2024, 15:46:11 UTC

[edited out]
Your superb and intelligent opinion/shower-thought is needed,

Will the current cycle be the cycle that we see Bitcoin surge above the $100,000 price-point, AND that it will "never" crash below that price-point again?
🤔
Or do we wait for another bull cycle to happen?


I never claim to know these kinds of things... because frequently if there are a lot of sales walls at a certain price point, such as $100k, then once the price goes above it, then it could go 15% to 25% or more before it takes a break.

But the 200-WMA is still at $41k, but if the BTC spot price moves up faster then the 200-WMA moves up faster too... so the 200-WMA is usually considered the bottom price, so on bull runs (or bullish periods), the BTC price does not tend to drop within 25% of the 200-WMA, absent some unusual dip situations, and even in the bear market the 200-WMA is not usually breached, but it still can be sometimes.

I had loosely made a prediction that the BTC spot price would not get within 25% of the 200-WMA prior to the end of 2025, and that the BTC ATH price will be higher in 2025 than it is in 2024.   I don't really claim to know specifics beyond that....

Sure maybe we could proclaim that if the BTC spot price goes above $400k (this cycle or whatever), then it becomes much more difficult for it to return to sub-$100k, because $100k would be a 75% correction from $400k.

I know that the numbers seem outrageous, but I would not be prepared to say that the BTC price will never go below a certain point, unless there is some cushion or we might be working with measuring from the 200-WMA or some other parameters, then I might be willing to bet on it once a sufficient enough cushion has been established.

We do have a lot of upward momentum right now, so we likely could proclaim that something like $55k will never be breached again... at least with a certain level of confidence that we might be willing to bet on it.. and perhaps giving some kind of a 1 year or 2 year timeline for the bet.


OK, but if we put price-points and technical analysis aside and consider Trump's Bitcoin Strategic Reserve/possibly starting other nation-states to do the same, Chad Saylor's bids/also possibly starting other companies to do the same, and BlackRock/other institutions' spot ETF bids during the current cycle - Shouldn't THAT be enough to make us believe that "never going below $100,000 again" is very possible? Or it's not enough?