Bitcoin’s price movement ‘looks very manufactured’ — Samson Mow ---> Bitcoin’s price movement ‘looks very sideways’ — Max sideway movement can last for a few hours/days/weeks/months/years
It reminds me of the gold bugs who perpetually claimed the big banks were suppressing the price of gold before QE came and skyrocketed Gold. I haven't heard that fable sine the early days of reading ZeroHedge. Interestingly the commentators on ZH were convinced hyperinflation was just around the corner. I remember a pretty good blogger I used to read Gonzalo Liro thought the same thing (I believe he was from Argentina so that makes sense).
Bitcoin short term price moves are very difficult to predict, imho When there is a clear trend, I have put a trading position on perpetual futures, but personally, I haven't traded bitcoin perps for more than 2 months Anyway, imho, bitcoin is much better as a savings account, or if you want to invest in it, have a long term plan, Bitcoin is not a get rich quick asset I will make a semi short term prediction, though, based on all the fundamentals and macro environment, there is a 99.9988% probability that bitcoin will hit $200,000/btc before 12/31/2025 11:59 PM EST
There are lots and lots, i.e. corporation treasury adoption heating up, pension funds and sovereign wealth funds increasing their allocation, private companies, hnwi's, family offices, ria's, etc too many to mention Bookmark it, probability of 99.9988% of $200,000/btc before eoy 2025
so let me just throw something out there. in the past how many times people called out something happening and were called conspiracy nutjobs. only for wallstreet boys to come out later in the videos and confirm that they were in fact doing what people suspected them of doing? remember how people said covid vaccines were killing people and how all the brainwashed sheep started yelling that they are all conspiracy theorists? well turns out they were correct since the data is now coming out to confirm that vaccines in fact caused those deaths. i personally know more than 10 people who died just days after getting the vaccines most in their 20s and 30s perfectly healthy before vaccine. are you all claiming that its impossible for multiple institutions to supress the price of something? seriously?
He doesn't know if the price is going to go there or not. If you look at his posts on the Bitcoin thread he spams numbers like they mean anything. He is saying 200k today, but has been saying 300k for years.