Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
⭐ Merited by d_eddie (1)
Bit frustrating that we seem to be unable to stay above $100,000 for now. We will smash through it and hesd upwards new all time highs but I have to admit I am feeling a little frustrated currently.
I’d like to see $100,000 breached and turned into new support over the next week or so. February is isually a very good month for Bitcoin in a bull run, it’s about time it started acting like it.
I’d like to see $100,000 breached and turned into new support over the next week or so. February is isually a very good month for Bitcoin in a bull run, it’s about time it started acting like it.
Indeed, if we take a look at the heatmap, February should be great for Bitcoin:
My prediction: next leg up to 120-130k in February-March, 150k in Summer and a moonshot (200-250k) in November.
The FTX distributions should make a difference here right? Even if only 10% of that money makes its way into Bitcoin, that’s still over a billion dollars. I think the % could be higher and I also think those people getting their money back could lead them to more future investment or getting friends and family back in the game. That should hold us over until Governments kick accumulation into overdrive. Then if Strategy finds its way into the S&P 500, things could get wild.