Quote from: JayJuanGee on Today at 01:45:50 PM

Quote from: philipma1957 on Today at 04:27:54 AM

at jjg it would be a far easier time if we were doing a sideways at 123 or 119
119-123k slot would be good for me.

makes the mining margins less stressful for me.

It seems to me that Bitcoin does not tend to do sideways, yet sure we can sometimes go through several weeks at certain levels... which I suppose is as close to sideways as can be expected.

It may well be that we have been experiencing somewhat gradual stair-stepping up since November 2022.. with around three upward jumps - 1st jump upward in early 2023 from $16k-ish to $27k-ish. 2nd upward jump in late 2023 from $27k-ish to $60k-ish. 3rd upward jump from $60k-ish to largely lower $100ks, where we still are and potentially waiting for the next upwards jump.., perhaps?

After each upward jump there is a bit of a range of bouncing around within the new upward level, so yeah, I suppose there is some kind of sideways within the range that can vary... and then at some point we might transition back into going down rather than up (at the end of this cycle).

Even the range of bouncing around tends to be wide, so it seems that a range of $119k to $123k seems way too narrow to be able to last very long... but yeah, it is difficult to know in advance.. since we can potentially attempt to describe where we have been to figure out where we are at and also attempt to figure out where we might be going... and as I mentioned in another post, I have difficulties imagining a top that is less than $140k.. but sure we could bounce up to the $120k to $140k range and then bounce around there for a while to figure out if there is going to be further up or not..

Initially, last year, I was thinking that we would bounce into the $120k to $180k range.. .but that did not end up happening in a way that was even close to what I had thought to have had been reasonable.

we are doing flatter jumps. or longer shallower steps up and down.

likely the 2 trillion cap acts a bit like an iron to flatten moves.