Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
⭐ Merited by JayJuanGee (1)
Your graph reminds me of this one:
Conclusion are not overly different, but a good parameter to keep in mind.
I cannot recall ever thinking about it like that... right now we have the 200-WMA at $51k and we have the previous ATH at $69k, and the 200-WMA is moving up around $50 per day, yet the rate per day is likely to continue to increase beyond $50 per day, so there is still room for the 200-WMA to reach that level.. we still have another $18k to go.
Conclusion are not overly different, but a good parameter to keep in mind.
I cannot recall ever thinking about it like that... right now we have the 200-WMA at $51k and we have the previous ATH at $69k, and the 200-WMA is moving up around $50 per day, yet the rate per day is likely to continue to increase beyond $50 per day, so there is still room for the 200-WMA to reach that level.. we still have another $18k to go.
Which would translate into (69k$ - 51k$) / 50 $/day = 360 days, aka one year if the 200-WMA doesn't speed up significantly - which it could, but probably just a bit.
Yeah, I also guesstimated similar numbers, but @ JJG says-end of Nov 2025, which is only 119 days away.
As you mentioned, it can happened if we start ripping up (and we should
), but not if we would be on a current steady projection.