Yup, I have seen lots of people suggesting this level over and over again. But I also remember everyone calling for 10k, and we only got down to 15k back in 2022. Now I don't really have hardly any more money to buy more, so it kind of doesn't matter much for me, but it would be nice to not even drop below 80k and leave everyone scrambling to get in since they were waiting for lower prices. Its kind of scary though to think that "they"... whoever that is.... have the power to push the price around so much just to shake out all of leveraged longs, etc.
Here is what I see as possible landing spots 81,600-80950 and 74250-70666 and between March 24th-May 5th. I know wide time zone but need more bars to possible trim that down a bit.
But how much can GME do anyways? They don't seem to be doing particularly well at the moment... I think the problem(or question) is whether the global markets(the conditions) take the turn south, then it's definitely over. It seems pretty obvious that bitcoin is running dry. It's basically being entirely propped up by the Tether printer and Saylor who is baiting in the institutional exit liquidity. But Saylor is now running out of juice and his scheme is no longer working. Whereas Tether is starting to run into regulatory issues. I think i've said this before that Eth has potential, but is correlated with BTC. If BTC manages to not completely puke, then ETH ponzi schemers might have a chance. But when? Is now the time? We are also under the influence of the stock market. IF they managed to avert the tariffs for some time and maybe even do rate cuts... Then you have a chance. Else you are all BEYOND cooked my friends.
Saylor is not running out of Juice, still have $6B in ATM shares available to buy bitcoin, over $10-15B in convertible debt issuance to buy bitcoin and unlimited perpetual preferred shares issuance to buy bitcoin And each of those once exhausted can be replenished, $21B ATM and $21B convertible, can turn into $50B or $100B each, there's really no limit, the only limit is if the market is not favorable, mstr does not sell GME is perfect for bitcoin treasury, check out the Twitter thread below GME will have a shield of bitcoin treasury asset to put some major hurt on their short sellers, it's going to be a nuclear bomb And GME will be able to issue debt to buy more bitcoin, but 50,000 bitcoin bought by GME will push bitcoin above $100k very quickly, remember the impact of Germany's 50,000 bitcoin sell Liquidity looks promising, bitcoin lags the liquidity and but ultimately follows it