Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
⭐ Merited by JayJuanGee (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.
Right now, it "feels" like a bear market..with it's drip drip drip downwards.
Quite shocking, in fact, since that we are declining (or flat) against all expectations.
Isn't it a definition of a bear market when the ostensibly good news cause further declines instead of price increases?
That said, I am predicting nothing further, maybe it is "something" localized in time like a 'bear market" of 2020 that was severe, but lasted 2 mo or less.
Obviously, it is too early to have a cyclical bear market as we are NOT at the end of 2025 yet.
Weird, I don't see any signs of acbear market to be honest. Just take another looks at the heatmap. Should we start to worry? Perhaps if we'll have two red months in a row or more than 3 red months this year we should start to worry. Otherwise, everything looks normal so far.