Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
It looks like Bitcoin is hitting wall of 109k again and again. With even hit the wall is weakening and soon it will collapse giving way to Bitcoin to hit 120k or more.
Sure... but giving 90% to 99% odds might still be problematic, even though it might work to say 99% odds that the $74.5k bottom is in, even though it is probably closer to 75% odds, not that I consider those to be bettable, even though I still would be willing to bet that the BTC price will not drop below 25% above the 200-WMA until after 2025...perhaps 1st or 2nd or 3rd quarter of 2026, and it is not even necessary to drop within 25% of the 200-WMA, even though it seems to have had happened every single cycle, so far in bitcoin's history.. and yeah sure of course, we could proclaim that "this time is different," and I am not ready to bet on "this time is different."
We have already seen Bitcoin price going down to 75k in April 2025 from 106k in Jan 2025. I can't rule out possibility that Bitcoin price may go down from here to any low. But if it goes down, there is nothing to worry about as it gives us opportunity to gather more Bitcoins at discounted rates. We are clear that Bitcoin price will go up in the long run, keep this thing in mind while price goes up or down.
I do agree with you. When the price increases, we will all be excited and happy. But I would also be glad when it reduces so that I can get more with less money.
