No, it's not a nothing burger, we will more than likely go way higher than 100K. 100K isn't the end of the road for Bitcoin. But a pullback would be healthy
Who is saying 100k is the end of the road lol??? Like I said wake me up at 183k...then again at 47k. This is about 100k meaning nothing as far as having some round number "milestone" affect on price BECAUSE ROUND NUMBER MILESTONES HAVE NO AFFECT ON PRICE! This current rally started when we broke $21,222 back in Jan 2023...is that a number of significance??? How about $12,462? How about $47,769? All went higher after these levels. Pick any random spot on the chart! It's the red car fallacy. lol you guys are a bunch of punters...
As weekend approaches, a reminder that there's this buyer that will probably push bitcoin to $100k while the markets are closed
Dude look at the chart quit spamming your clueless hopium! I told you to relax until a key level is broken. There's been more noise about a meager 5k move this week than there was for a 25k move back in the beginning of the month. And for the last time 100k means nothing quit fixating on it... BTCCAD broke 100K back on NOV6
If it continues the arc pattern, we would touch of 35k late summer or fall 2025...depending how high this up move goes... @johnarb @semperfrosty @Noah
This proves you are just a pumper...no interest in trying to figure out possible levels... @johnarb and @semperfrosty only show their face when its time to pump lol regurgitating nonsense...they are nowhere to be seen when this is retracing. I think if this dips to below 77k level it could break the uptrend...until that point the uptrend is in tact. I'm more expecting this to rally to 183k (based on rough C&H breakout estimates) before a prolonged downturn. If this is where it tops then it is showing total weakness considering we just broke ath's, and I would expect a dump to 50ks sooner rather than later.
In the past, bitcoin has based at 400---> 3k--->14k--->? 400 to 3k is a 650% increase 3k to 14k is a 366% increase 14k to ? is a 208% increase (% drop from 650% to 366% = 43%) 14k to 43k is a 208% increase Typically, bitcoin has retraced .786 after post halvening rally's. So if we extrapolate from that, the math is saying this rally should terminate around 140k...which with a .786 retrace would bring price down to base at 43k.
Sounds like retail is about to get played. These big funds could purchase enough btc to manipulate price to their advantage...just like they do with the S&P. I don't think it is in their best interest for prices to reach meteoric levels...they may try to stifle it with huge rug pulls. According to the article they seem quite content with just arbing the yield...and at these levels the etfs are still affordable for retail, thus the funds aren't cannibalizing themselves. This theory would actually coincide with the arc phenonium we are seeing on the chart as increase in price is decreasing exponentially...which unless norms are broken, bitcoin price will continue to see deceasing gains until flat. "The passive index fund industry is dominated by BlackRock, Vanguard, and State Street, which we call the “Big Three.” We comprehensively map the ownership of the Big Three in the United States and find that together they constitute the largest shareholder in 88 percent of the S&P 500 firms." https://economictimes.indiatimes.co...coin-price/articleshow/111184041.cms?from=mdr