As the trend continues to be down since the ATH, you have to wonder if we will see the return to $10K that was the accumulation period before the last big jump.
Every once in a while you post a decently lucid and on point post, but holy fucking shit.... you are coming off as quite looney to be talking about $10k as if it were a realistic number merely because something like that was our September 2020 bouncing off point... that ship has sailed.. Haven't you
(and your team) gotten the memo?
Billionaires are buying in and fighting the cyclical trend, but they appear to be losing. With the purchases between Do Kwon and Michael Saylor, I thought we’d be over $50K by now.
The mere fact that we are not over $50k causes you to conclude that billionnaires are losing in the "attempts to prop up BTC prices?"
You surely come off as someone who is NOT sufficiently or adequately prepared for UP.
If those two weren’t buying, we may already be at $10K.
oh gawd.
I’d be hesitant to make any moves trading one way or the other here, but I think it would be unwise to assume we can’t see a prolonged price decrease for potentially the next year or two that takes us to test the last held support levels.
Hopefully, for your own good, you are not holding onto too much dry powder waiting for $10k that will not happen. You will be lucky to get BTC for less than $30k.. and yeah, many of us recognize the 200-week moving average as a bottom during bear markets, and
that is currently at nearly $21,500, so if you assume a bear market it is possible that the 200-week moving average will be met at some point, and it is moving up around $30 per day currently...
I personally would not bet on the 200-week moving average being met any time soon, but surely I would not rule it out, either. Your odds to reach the 100-week moving average are a bit better than waiting to reach either the 200-week moving average or your lame detached theory of revisiting previous levels of support at $10k - which seem to be pure fantasylandia, and anyhow, the
100-week moving average is approaching $34.5k currently.
Poll
