BTC looks still very weak unfortunately... 50% drop from 60 to 30K vertically. Still no (real) rebound and staying in the 35K range.. Hmm I don't want to see this but it's smell not good if BTC are not able to bounce and stay over 42K+ soon. Otherwise more dip (below 30K) is really on the table unfortunately... Good week end for everyone 30k to 40k was not real enough for you?? We went down 50% vertically and very fast (60 to 30). I cannot say 30 to 40k was a bounce as it was even not possible to close the daily candle above 40K... We need to admit this is very very weak after this big drop. No reaction from BTC. I really hope i am wrong, but smell bad now.
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BTC looks still very weak unfortunately... 50% drop from 60 to 30K vertically. Still no (real) rebound and staying in the 35K range.. Hmm I don't want to see this but it's smell not good if BTC are not able to bounce and stay over 42K+ soon. Otherwise more dip (below 30K) is really on the table unfortunately... Good week end for everyone
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KING BTC, please. TIME TO WAKE UP !
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This would be a laugh if it actually happened Bullshit I think (but would be great for BTC skyrocketting if it was / will be true).
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see https://bitcointalk.org/index.php?topic=178336.msg57059967#msg57059967People proclaimed that the guy is midrust-lite, but examining his lines makes some sense (as a possibility). A quick 2021 vs 2013 comparison... 2013: up from ~16 to $250 (1300%), down from 250 to 65 (-71%) 2020-2021: up from ~10K (where bull started going vertical) to ~65K(450%), back down currently to 30K at the current low (-53.8%). At 25K (hypothetical) it would be -61.5% (close to a Fib number) and at 13K (close or at 200wk average) it would be -80%. This shows to me that 25K is possible as this downturn low, but even this one seems excessive since we did not peak as dramatically as in 2013, therefore it is more likely than not that we either already bottomed at 30K (almost -54%) or would bottom somewhere between 25 and 30K. Pure tech analysis guys would probably love for it to go to -61.8%, which would be just a tad below 25K (something like 24.7K if the top was actually 64.65 and not exactly 65). TLDR; We already had enough decline compared with 2013, but could go to about 25K in the oversold scenario. Anything lower would be a problem. Numbers looks not so correct. We started around 13$ december 2012 and the peak was 260$ so X20 in april 2013 (let's say around +2000%). I am agree with you for the 10K$. Even if we were already at 20K$ during december 2020, we started to go (really) UP from the 10K$. So assuming we made approximately x6 till the (local) top. In this situation, got a dip more than 50% looks already really high and really oversold. More in prorata to go from 13 to 260 and go back to 65. This scenario and proportion would be more correct if we had top to the 100K$ / 100K€ so let's say 100-120K$. But definitely not à 64/65K$...
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I am still confident in Bitcoin in the long-term and even on this bullrun. I really don't think we had the top at 65K before the bearmarket.
BUT
We should to admit that this dump from 60K without any really bounce till 30K is huge, and no one expected this. And came very fast. This happened just after an only 3x ATH. It is not if it appeared after a X10+ from ATH.
In addition, we still don't know if the bottom is printed. If we go to 25K$ish, or to previous ATH (or even below.. can't imagine) now, how the market and the cycle will react ? I mean the Daily, weekly and monthly are already ugly now.
We should accept that we never saw this kind of DIP in a BTC bullmarket (proportionally).
HODL.
never? check out that 2013 bull run..$250 in April, then $65 in July. The structure looks very similar...so far, albeit the move from Jan to April is shallower in 2021 and so is the dip (so far). We were at 13$, december 2012. 260$ The 11th april 2013, so X20 in 4 months... We cannot compare with 2021. If we compare it would mean that BTC would be at 3K$ in december 2020. We were at 20K..
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I am still confident in Bitcoin in the long-term and even on this bullrun. I really don't think we had the top at 65K before the bearmarket.
BUT
We should to admit that this dump from 60K without any really bounce till 30K is huge, and no one expected this. And came very fast. This happened just after an only 3x ATH. It is not if it appeared after a X10+ from ATH.
In addition, we still don't know if the bottom is printed. If we go to 25K$ish, or to previous ATH (or even below.. can't imagine now), how the market and the cycle will react ? I mean the Daily, weekly and monthly are already ugly now.
We should accept that we never saw this kind of DIP in a BTC bullmarket (proportionally).
HODL.
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So, how's it going everyone?
great thanks, buying 10more BTC at 31K.
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I am very curious to see how strong and high will be the fucking reversal of this fucking fud.
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36.3K Bottom ? Roll Eyes
There's been a lot of bottoms lately. Watching alts get recked kind of soften the blow It helps a little. EDIT (final) Bottom ?
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To @JayJuanGee
Maybe you will reconsider (and in a more polite way) what I said last month when I felt not confortable with the weakness of BTC. And was thinking that we will probably visit the 40-45K area... Here we are. And unfortunately maybe more pain before any reversal.
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Hmmmm goat and Bitcoin .... Bullish or f***ing goat dip incoming
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56-59-56-59-56 Etc.... When final DIP or real MOON ? #BoringRange
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On the way for the 51K retest ? on the way to 70k may 1 Would love an EPIC candle.... daily candle to 100K. that would be EPIC
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On the way for the 51K retest ? Looks more like we'll be "testing" $20k soon. And by "testing" I mean "collapsing through". Proudhon IN DA PLACE More chance testing 100K than 20K now.
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On the way for the 51K retest ? on the way to 70k may 1 I prefer too... bud odds getting lower now to be at 70K in 2 days. Let's see
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On the way for the 51K retest ?
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I remember in 2014 when I first started trying to convert nocoiners into Bitcoin I would ask them about the ever rising prices in their daily lives and they seemed to be vaguely aware but usually minimized it by making it out to be a long term phenomenon and something that they need not worry over in the near term.
Uie-pooie were only born in November 2018, so could not be possible. In other words, I don't believe you. How long before next big move up you think people? I think April is ending as small red candle on the monthly. Consolidation is boring, I need big green dildos please Haha don't worry, with this kind of message.. you will get the reply from... 3...2...1... ------> JayJuanGee Yes. Since we are talking about price possibilities, we should appreciate that the price could go in several directions. If you wish that it would go up, and you are bored by consolidation, then perhaps you should also feel grateful that it is somewhat holding its own (in a kind of Lindy Effect) and it is NOT going down? Matters surely could be worse. So stop being party poops, when there is nothing wrong. And, as for you gallianooo, hopefully you have gotten over your inclinations for prognasticatenings of $40k to $43k - or would it be wishenings? since such price levels may or may not happen ever again. Surely, we cannot know with any level of certainty. Edit: By the way, I am frequently bothered by the amount of froth in the shitcoin space - even when they are going down relative to bitcoin because I frequently consider shitcoins to be overvalued, yet in recent times, it seems that there is even more froth building up in a large number of coins, whether they are connected to the scam coin ethereum or to some other shitcoin.. - pick any random coin and they all seem to be pumpening, currently... so I don't really know what that means in terms of BTC's price.. whether it will pump or not - because surely the head gives few shits about the tail - and so it might play out weirdly if there were a scenario in which shitcoins and bitcoin pump at the same time.. at least to me that would seem weird under current market conditions, even though I am not going to rule anything out when it comes to what might happen with regards to short term bitcoin price direction, shitcoin price direction or the relation between the two... just ongoingly bothered by the ongoing froth in the shitcoin space.. that's all.I am happy to see these levels on BTC yes, but till we are not strongly above 56/57K (and then above 62+), the bearish scenario (under 50K and possibility to dip lower 40-45K) is still on the table imho. I am agree more time we stay at these levels (or higher), less chance that this bearish scenario can happen. Let's see what's going-on on may.
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