OgNasty
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Activity: 4746
Merit: 4279
Leading Crypto Sports Betting & Casino Platform
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March 31, 2024, 03:56:28 PM |
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Looks like we are going to achieve the highest EVER weekly and, at the same time, monthly closing... and both even over the previous cycle peak (not closing) ATH.
Nice.
Things feel oddly bullish. It seems like more money is on the way to the market over the next couple of months as well. I feel too comfortable with a $70K BTC price. At the rate accumulation is going though, we should get through all the GBTC coins and mtgox distribution of BTC in about 5 months. It seems like a perfect storm is brewing for the end of the year.
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ChartBuddy
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Activity: 2184
Merit: 1778
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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March 31, 2024, 04:01:13 PM |
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ExplanationChartbuddy thanks talkimg.com
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El duderino_
Legendary
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Activity: 2520
Merit: 12114
BTC + Crossfit, living life.
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March 31, 2024, 04:03:16 PM |
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Looks like we are going to achieve the highest EVER weekly and, at the same time, monthly closing... and both even over the previous cycle peak (not closing) ATH.
Nice.
Things feel oddly bullish. It seems like more money is on the way to the market over the next couple of months as well. I feel too comfortable with a $70K BTC price. At the rate accumulation is going though, we should get through all the GBTC coins and mtgox distribution of BTC in about 5 months. It seems like a perfect storm is brewing for the end of the year. But far from distributing El Duderino coins #Hodl
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BitcoinBunny
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Activity: 1470
Merit: 2495
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March 31, 2024, 04:07:02 PM Merited by JayJuanGee (1) |
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First time ever, 7 green months in a row. Happy Easter.
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criptoevangelista
Sr. Member
Online
Activity: 266
Merit: 521
In ₿ we trust
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March 31, 2024, 04:17:54 PM |
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Looks like we are going to achieve the highest EVER weekly and, at the same time, monthly closing... and both even over the previous cycle peak (not closing) ATH.
Nice.
Things feel oddly bullish. It seems like more money is on the way to the market over the next couple of months as well. I feel too comfortable with a $70K BTC price. At the rate accumulation is going though, we should get through all the GBTC coins and mtgox distribution of BTC in about 5 months. It seems like a perfect storm is brewing for the end of the year. When the FED cuts interest rates, then it will get very interesting....
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Hueristic
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Activity: 3822
Merit: 4920
Doomed to see the future and unable to prevent it
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March 31, 2024, 04:31:31 PM Last edit: March 31, 2024, 05:29:21 PM by Hueristic Merited by JimboToronto (1), Gachapin (1) |
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Haha, got perm banned on reddit,. Cesspool of Snowflakes. You're better off. Reddit sucks. Now do TikTok! Haha, I needed a place to shitpost and triggering candy ass snowflakes is tons of fun. Also needed to be a bbs type with pseudo anon which is pretty much impossible on most sites now. The funny thing is every single thing I said is true and verifiable but they just can't handle it. The world is being inherited by a bunch of worthless no testosterone morons and it won't end well for them. They are not even smart enough to ask why, just knee jerk get butthurt. If they actually asked why I have said what I have said then they would learn a thing or two. #OnTopic: The spring feels compressed and when it pops its going to explode.
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goldkingcoiner
Legendary
Online
Activity: 2058
Merit: 1742
Verified Bitcoin Hodler
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March 31, 2024, 04:51:41 PM |
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Happy Easter, guys!
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ChartBuddy
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Activity: 2184
Merit: 1778
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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March 31, 2024, 05:01:14 PM |
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ExplanationChartbuddy thanks talkimg.com
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Gachapin
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March 31, 2024, 05:08:36 PM Last edit: March 31, 2024, 05:23:07 PM by Gachapin |
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Looks like we are going to achieve the highest EVER weekly and, at the same time, monthly closing... and both even over the previous cycle peak (not closing) ATH.
Nice.
Things feel oddly bullish. It seems like more money is on the way to the market over the next couple of months as well. I feel too comfortable with a $70K BTC price. At the rate accumulation is going though, we should get through all the GBTC coins and mtgox distribution of BTC in about 5 months. It seems like a perfect storm is brewing for the end of the year. no dip under 70k lasts long. bears haven given up it seems. 100k could come much sooner than many think... also nobody in the WO is talking about 100k parties anymore... it already feels like the new normal oh yes.. Happy Easter
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JimboToronto
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Activity: 4018
Merit: 4505
You're never too old to think young.
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March 31, 2024, 05:12:47 PM |
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Hi wall observers. A special Haiku Sunday, Happy Easter Day.
Still going sideways Around seventy thousand Dollars per bitcoin.
Calm before the storm... Halving is three weeks away. Have a nice Easter.
Some people like ham To celebrate their Easter. Others like spring lamb.
Whatever your choice, Forget the price and have A happy Easter.
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ChartBuddy
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Activity: 2184
Merit: 1778
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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March 31, 2024, 06:01:16 PM |
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ExplanationChartbuddy thanks talkimg.com
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xhomerx10
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Activity: 3850
Merit: 8171
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March 31, 2024, 06:23:57 PM |
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Oh yeah, Happy Easter! to those of you who celebrate.
My Easter is a a little over a month from now - I'm still on one of the pre-forked, Christian versions of the Abrahamic religions.
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El duderino_
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Activity: 2520
Merit: 12114
BTC + Crossfit, living life.
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March 31, 2024, 06:34:47 PM |
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Hi wall observers. A special Haiku Sunday, Happy Easter Day.
Still going sideways Around seventy thousand Dollars per bitcoin.
Calm before the storm... Halving is three weeks away. Have a nice Easter.
Some people like ham To celebrate their Easter. Others like spring lamb.
Whatever your choice, Forget the price and have A happy Easter.
Jimbo Toronto Or more likely Mexico The corn will guide you
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El duderino_
Legendary
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Activity: 2520
Merit: 12114
BTC + Crossfit, living life.
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March 31, 2024, 06:41:22 PM |
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71
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Gachapin
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March 31, 2024, 07:00:43 PM Merited by OgNasty (1), ivomm (1) |
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from 17 to 71 in a little over a year... good ol' Bitcoin
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ChartBuddy
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Activity: 2184
Merit: 1778
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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March 31, 2024, 07:01:14 PM |
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ExplanationChartbuddy thanks talkimg.com
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El duderino_
Legendary
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Activity: 2520
Merit: 12114
BTC + Crossfit, living life.
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March 31, 2024, 07:14:11 PM |
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Btw in Belgium Easter = chocolate eggs. Just for you to know
#haiku (special Sunday Haiku)
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Biodom
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Activity: 3766
Merit: 3909
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March 31, 2024, 07:16:08 PM Last edit: March 31, 2024, 07:34:22 PM by Biodom Merited by JayJuanGee (1) |
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I know that many people post 120-140K as a possible top this cycle and yet others think that we would go to 250-500K. Those are probably two main ideas of where the top might occur. I want to present an alternative scenario. It would be mostly just numerology (with my bias), so here is that. Consider prior tops:
$$: 32, 1160, 19780, 69800 (numbers could be slightly off, I am going from memory). OK..1160 from 32 is 55X, 19780 from 1160 is 17X, 69800 from 19780 is 3.5x Mostly people say: aha..so next will be a decrease to 2X peak to peak or even slightly lower (I have seen even 116K bandied about).
However, I propose an alternative scenario: What if the 2021 number is an "artificial" one, caused by the chinese mining ban plus FTX shenanigans? Let's just use a "projective" numerology and assume that a cycle reduction should be similar from cycle to cycle with a 0.309 coefficient (the fraction of 17X and 55X). This gives a "theoretical" 2021 value of 5.25X of 2017 value or $103351 and 2024-2025 value of $167661 (1.622X(of 103351)=5.25X0.309X103351).
Of course, it is entirely possible that because we underperformed in the prior cycle, we would outperform in this one and peak even higher, but I decided to show the numbers I got so far.
TL;DR An alternative numerology suggests a peak at ~$168K for this cycle.
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Biodom
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Activity: 3766
Merit: 3909
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March 31, 2024, 07:32:10 PM |
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more dough is printed what percentage to bitcoin? not zero, I say
# Sunday haiku
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Pandorak
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Activity: 112
Merit: 112
A Member who wants to become a ₿ maxi
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However, I propose an alternative scenario: What if the 2021 number is an "artificial" one, caused by the chinese mining ban plus FTX shenanigans? Let's just use a "projective" numerology and assume that a cycle reduction should be similar from cycle to cycle with a 0.309 coefficient (the fraction of 17X and 55X). This gives a "theoretical" 2021 value of 5.25X of 2017 value or $103351 and 2024-2025 value of $167661 (1.622X(of 103351)=5.25X0.309X103351).
And what if those catalysts make another "artificial" price in this cycle? Bad narratives around crypto have been heard, the latest is the KuCoin case, why does this problem come when bitcoin biggest event is coming? Based on the rainbow chart [1], usually we are at the "Accumulate" and "Still Cheap" levels after the halving occurs (based on 2 latest halvings). Because now is the MEGA GIGA TERRA ULTRA SUPER ULTIMATE MAXIMUM cycle ever in crypto, so we expect prices that are beyond our expectations. I think we will go to $150,000 - $250,000 per now - December 31, 2025 timeframe. [1] https://www.blockchaincenter.net/en/bitcoin-rainbow-chart/
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