Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
just chilling with buddy supra $110k
That's a right move since we are heading towards a new ATH. The foundation is set for this week. Let's see what surprise Bitcoin gave us this week. 
Don't be surprised it will kiss the ATH and retrace again to retest 100k region. For now, I have some orders around 101k to get in at minor discount should market decide to play more games until the end of Q2.Nevertheless, we DCA until retirement since the investment is for retirement and the next generation.
It does not hurt to have buy orders for dips that may or may not happen... and there is no reason that BTC has to test $100k again, whether now, in the 2nd quarter or later down the road. Testing of $100k (again) may happen, yet it might not.
Price is nice but dang that 200wma at ~48k$ is like wowzers! Onwards and upwards upwards please!!
$48,417 to be more exact. You want the 200-WMA to move higher and faster?
I must admit that I am wanting the same, yet the thing with the 200-WMA it tends to move slowly.. but ongoingly upwardly, with some periods of time more exponentially up than other periods... in recent times the daily upward amounts have been between $25 and $55 per day.. so, even though many of us likely are looking forward to it getting to $100k and above, it is hard to imagine it getting there within the next year or two without some drastic moves up in the BTC price.
Even if we approximate at this rate the daily increase to go up to $55 per day, it still would take around 938 days for it to reach $100k.. so yeah, something has to happen, since that seems too bearish to have the 200-WMA to ONLY touch upon $100k in around 2.5 years .. that would be around the end of 2026... which I hate to admit matches up with my fuck you status chart projections.. .. . so yeah, we want it to move up faster.. but I am not sure I hate to overly presume it to move faster than it is capable of doing.