Lol...it's just a silly statement based on nothing is why it's funny. It's like you're trying to convince yourself.
This time is different right? Just going by the past performance this should be around 80ks in a few months. This is an identical (double top) we had back in 2021-2022 so if it repeats that correction it will look like this:
Lol...it's just a silly statement based on nothing is why it's funny. It's like you're trying to convince yourself.
Bitcoin will never go below $100,000/btc This is very easy to understand by the simple logic of supply and demand There is no longer a significant source of bitcoin supply for sale to bring the price of 1 bitcoin below $100,000 For months, the biggest amount of selling of bitcoin above $100k was done by OG whales that were cashing out to live their best lives The buyers that bought the bitcoin supplies for sale were mstr, metaplanet, Blackrock, sovereign wealth funds, pension funds, and other institutional investors... very little retail buying, in fact there are data from River and Swan that retail were net sellers For over a month, the OG whales have significantly slowed down their selling. They may start cashing out again, but not at the $100k level, who knows maybe $150k, maybe $200k... But the buyers are still here, in fact, all the announcements of bitcoin treasury adoption from companies worldwide has not even started the buying Your chart is all bullshit because it cannot produce bitcoin supplies for selling... Cry harder waxy, it will make you feel better, but still won't change the fact that... Bitcoin will never go below $100,000/btc
Come on man I'm already dumbing it down for you guys using terminology like double tops, C&H's, order blocks lol...don't make me dumb it down more. Anyway, I clearly said that we either rally to 250k, or we do a prolonged correction over the next 6 months. I am expecting a prolonged correction based on statistics, and until we break aths that isn't changing. @johnarb agreed with me on the 6 months thing because it aligned with the 1.5 after halvening rally or whatever a talking head told him...but now he has suddenly changed his tune to spamming perma bull...so I assume he has taken another hail mary long with MSTR
Curious, are you using the same metrics you were using when you said it would take off and never comeback after 100k? (Chatgpt edited) There are fewer buyers at these levels, lol. The decrease in supply won’t outpace the increasing capital required to sustain or push price higher. I expect BTC to linger in this range for 6 months, then other countries will follow Denmark's lead and initiate an unrealized capital gains tax. That’ll force long-term hodlrs to sell to cover tax bills. That forced selling will create the liquidity countries need to load up their own treasuries. Redistribution through regulation. If you want to use real world metrics...over 98% of hodlrs are in profit. At these levels is when every previous rally ended. https://chainexposed.com/SupplyInProfit.html (Chat gpt) That chart shows 98.99% of supply is in profit at ~$104K. That’s the highest concentration of unrealized gains in years—possibly ever. You think supply is tight? It’s only tight until holders have a reason to sell—and nearly every wallet now does. The logic that Bitcoin can't fall below $100K assumes people won’t take profit. But history shows the highest profit saturation always precedes distribution. Combine that with potential tax policies (like Denmark’s unrealized gains tax) and institutional rebalancing, and it’s not hard to imagine forced selling providing the liquidity for the next big buyers. Supply being in profit ≠ price stability. It’s exactly the condition that creates instability.
I'm going to enjoy all your crying and whining for the next 6 months, waxy Bitcoin will never go below $100,000/btc