This retrace to Sub 70k could be in 2026.. So I'm not going to stay silent till then lol. I'm also waiting to see at what level this rally ends because it'll depend on that. I use TA... I don't just grab numbers out of the air. Heck, it could even hit 50ks if this rally ends shortly.
Under the parameters I've set which will bring us into late 2026 even.... So you ain't getting rid of me that soon LOL. I mean I could always come back under a different name......
There will be a day that will come that you will wish, fu*k I knew i should have sold. I have seen it too many times before....when the markets are in this euphoric state you have a psychological sense that it's going to keep going and going and going until that one day everything collapses. It's going to happen, when is anyone guess but when it does you'll wish you had the courage to have sold .....everything is just out of control. People are literally jumping over each other to pay anything and everything for crypto and stocks. How much can you possibly squeeze out of these markets. History will always repeat and it will with bitcoin. ....if it can rise like this, it sure hell can collapse the same way. Don't be shocked or in complete awe when it's selling off and dropping...there aintttttt no circuit breakers for bitcoin and cryptocurrency like the bitches on wallsrreet get after a 3% sell off in stocks..... Going to be quite a spectacular event when crypto losses half its value!!
"One always thinks they got into bitcoin too late, and out too early." Imagine if you sold at 20k during the runup in 2017? People were saying all the bag holders at 20k lol. A spectacular event if it loses half its value you say??? ...we have had multiple 80% drawdowns lol.. 19k --->3k--->69k--->14k--->?--->? You are having trouble grasping that bitcoin is digital real estate, with more scarcity than gold, and much more utility.
More scarcity than gold??? Digital currency is a code and can be created with a few strokes of a keyboard. Scarcity and cryptocurrency should never ever be used in the same sentence...
You do realize bitcoin has a hard cap right? Gold can just up their mining at anytime and tap into new resources.
These were the previous highs and retraces going back to the 2017 runup. Let's extrapolate from these numbers to calculate the next high, and retrace. $400--->19k --->3k--->69k--->14k--->?--->? First the runups: 400 + 4400% = 19k 3k + 2200% = 69k 14k + 1100% =183k Now the retraces: 19k - 84% = 3k 69k - 79% = 14k 183k - 74% = 47k So the numbers put the next target high at 183k, and the resulting retrace down to 47k.