Bitcoin is very much undervalued at the current price The recent pullback is most likely due to end of year rebalancing and taxes and stuff like that I disagree with you and I think it is likely bitcoin will be headed much higher than the ath of $108k in the short term (by end of the month Jan/2025)
It makes sense when you view it a different way. Markets are algo / machinery / math. There are laws (rules) and they run by them regardless.
blah blah blah to every post before this one regarding where price is going. You guys are led around by the nose with talking head sound bites, and news lol. Btw I like how everyone is warming up to the idea that we could see 70k before the rally resumes...nothing but vitriol towards me when I brought this point up when we were 107k and you all were calling for the moon. You guys act like this pullback is something that needs an explanation...its NOTHING! LOOK at the CHART! Barely a blip compared to other pullbacks. Really @johnarb? Does this appease your position anxiety??? Were you out here explaining EVERY OTHER similar pullback we experienced?? This "pullback" is practically a NON-EVENT! JUST STOP! NONE OF YOU HAS A HAS A CLUE! LISTEN TO THE PEOPLE WITH LAMBOS...
Two months ago, you kept saying 50k, 50k, 50k, did not happen Now, you're saying 70k, 70k, 70k... it will not happen I predict in the next month or so, you will change to 90k, 90k, 90k You're a clown
48k actually, and it's still on the table lol...even if we hit 250k ...70k was just a little pullback to gather some steam but not sure it needs it after the sideways action. Geez John...so testy these days... Unlike you, it doesn't matter which way this goes for me. It's a win-win.
How many times do we have to go over this? Can you not do simple math? An 80% retrace from 250k is 48k...so unless we hit 250k or more then we will likely go even lower. 70ks would only require price to follow the long term trend so not sure why you think it is un-thinkable...oh that's right...you NEED price to go up lol so any opinion you have is biased. IF we do meander to 70ks it would take us into April probably.
It seems everyone keeps forgetting here that Biden/Harris also flipped and turned from very anti-crypto (we have to tax it to death!!!), to suddenly embracing it and being pro-BTC when their woke party was trying to catch up in votes. So basically, BOTH parties were pro-crypto. Given my choice between Trump vs Harris, I wouldn't have trusted Harris more than I could throw her communist ass. Been there and done that shit-show already in woke-broke Canada. She's just another iteration of Trudeau.
That's why crypto will probably never go away... It's like a parasite to the society but it's there to stay. It will still crash 90%+ though and Bitcoins performance will be questionable once Tether printer gets downed. The real cancer is Tether anyways. They are funneling money into the biggest garbage that not only does nothing but consumes lots of electricity and pollutes the environment. Peak stupidity. The Tether/Bitcoin ponzi will implode quickly once the conditions turn sour.