Title: Guess where Bitcoin is going - nah later
fpr npw 100k opr 0 I'd guess, my best guess
Grayscale’s GBTC just had his biggest negative outflow day, this may be the sign that whales are getting out (exit scamming).
In January Blackrock launched its iShares Bitcoin Trust ETF (IBIT), and if I understand this correctly now investors have an easy way to short Bitcoin.
Everyone is super bullish if you look at the news and ideas - like at the top of a bubble. People are euphoric, retail, pros, banks, everyone, just look at the news. Analysts and investors are saying "Bitcoin is just cooling off" and making super high calls. To me everyone is fully invested and the top is not far. It really seems like these "analysis" are a bunch of garbage and wishful thinking. You rarely see neutral facts.
Plus if you look at each bubble it goes less high than the previous one.
People can make stupid calls if they want but we can clearly see that it is getting weaker and weaker. The uptrends are getting weaker and the next level of resistance past ath is 100k. Looking at previous waves since the bottom in november 2022, how much Bitcoin went up (about 100%) and how much it usually goes down (about 20-45% in a bull market), a quick math model will show an area around 100k as the next target.
But Bitcoin is not going to $100,000 yet. It clearly tested and rejected ATH, a possibility is volatility is reduced for the next year and it becomes more usable. Or it could just start making lower lows and the monthly/yearly chart and go to zero.
There is something I like about Bitcoin it is its usefulness.
In a WW3 situation people might be forced to start a new life. For example is a war where forced conscript are shooting their commanding officers and starting a new life. With 100k in Bitcoin you are good to go, you can get going from anywhere, all you need to do is remember a password.
But apart from that and being an interpol researched criminal I do not see the point. So I have mixed feelings.
This is the cool thing about being a trader, from anywhere and no matter what happens you have the skill to make money, the edge is you not your bank account or god knows what.
fpr npw 100k opr 0 I'd guess, my best guess
Grayscale’s GBTC just had his biggest negative outflow day, this may be the sign that whales are getting out (exit scamming).
In January Blackrock launched its iShares Bitcoin Trust ETF (IBIT), and if I understand this correctly now investors have an easy way to short Bitcoin.
Everyone is super bullish if you look at the news and ideas - like at the top of a bubble. People are euphoric, retail, pros, banks, everyone, just look at the news. Analysts and investors are saying "Bitcoin is just cooling off" and making super high calls. To me everyone is fully invested and the top is not far. It really seems like these "analysis" are a bunch of garbage and wishful thinking. You rarely see neutral facts.
Plus if you look at each bubble it goes less high than the previous one.
People can make stupid calls if they want but we can clearly see that it is getting weaker and weaker. The uptrends are getting weaker and the next level of resistance past ath is 100k. Looking at previous waves since the bottom in november 2022, how much Bitcoin went up (about 100%) and how much it usually goes down (about 20-45% in a bull market), a quick math model will show an area around 100k as the next target.
But Bitcoin is not going to $100,000 yet. It clearly tested and rejected ATH, a possibility is volatility is reduced for the next year and it becomes more usable. Or it could just start making lower lows and the monthly/yearly chart and go to zero.
There is something I like about Bitcoin it is its usefulness.
In a WW3 situation people might be forced to start a new life. For example is a war where forced conscript are shooting their commanding officers and starting a new life. With 100k in Bitcoin you are good to go, you can get going from anywhere, all you need to do is remember a password.
But apart from that and being an interpol researched criminal I do not see the point. So I have mixed feelings.
This is the cool thing about being a trader, from anywhere and no matter what happens you have the skill to make money, the edge is you not your bank account or god knows what.