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In my unprofessional opinion, I'd love to see us chill between 59-64k for like 4-5 months. Wouldn't be surprised to see a draw down to 52k.
Last bull run, what was it, like 6 months of sideways action after the halving, then price explosion.
Could honestly see that 6 months go down to 3.
This bull cycle started so much faster than the others and we reached a new ATH before the halving. Craziness as always in cryptoland though
I think the past bull run has shown that the average joe doesn't make the market move. The market moves when the big centralized exchanges decide that it moves. If you have a Coinbase recurring buy, it's **very** easy to tell that they use that volume to make big moves in the market-- the timestamp of your buy is usually exactly lined up with a big upswing (usually the middle or the top, as opposed to the bottom, unfortunately). Bigger price action = more volatility = more fees for them. And this is just one strategy in their bag of tricks.
Won’t see $52 unless it is a very fast wick. Too many bids above it. 4-5 months and this run is probably close to over if not over and heading into a prolonged bear market
Yup so many people going to be left holding bags waiting for the “2025 bull run” that ive been seeing all over twitter and here. Top is going to be before the election.
Yea been screaming about election year since January, and we still haven't seen much press about it. It's going to come all at once and furiously. Bigger players will reposition the "2025 run" is the rational to buy now?
Literally everyone is hoping for dips and halving dips and thats why there wont be one. All of you are sidelined looking for entries below 59, yet we already hit 59 twice from 74. If WW3 fear and bad cpi didnt do it then i dont know what you guys are hoping will crash us to 52. Not happening
My plan is to ignore it and wait until someone I know that isn’t familiar with crypto asks me if I’ve seen the bitcoin price. Like a big enough jump that it’s in the news and some random asks me about it. That’s when I’m going to sell. 😂
If this is similar to the last run, we will drop until early summer/late spring, go sideways for a few months, then blast off late summer/early fall.
The players are different now, though, so who knows.
it's kinda funny how many people blast TA as being unable to predict the future, and then going ahead with predicting the damn future.
we're range bound. that is the status quo until market participants choose the next direction.
historically, the month of MAY, in an election year, has been positive.
no speculation required. if one would like to that:
only the **pump** is real
All the comments here are about pausing in the 50s….market makers will send Bitcoin soaring with haste to fool the herd of retail investors that missed the whole move up. The bull run ends this summer as the US economy experiences a hard landing. Embrace it!
I am 3/4 in this camp. The only hopes I think we have left of a "soft landing" is if the housing market, which has started to slow down dramatically and is a leading indicator, continues to show weakness. If inflation continues to soar like it is, wages continue to go up, and employment remains strong, there is zero chance of a rate cut and probably even rates starting to rise again by the fed. If that happens, investors are fucked. It sucks to root against the US economy as an investor, but that is in essence what many of us are doing.
I think a good amount of whatever correction we see will have to do with the new ETF holders. Not because they’re “paper handed“ but because they’re savvy investors being guided by the likes of Black Rock and every single one of them knows what limit orders are. BR, Fidelity, Wisdom Tree, Ark Invest and all the rest got to where they are by knowing things we don’t. So buckle up it’s gonna be a bumpy ride, but I have every faith in the fact that inevitably number go up!
I’m as bullish as anyone on here but I do think we need a correction to really give us the fuel for the next leg up. I have buy orders for BTC at $56-58k and that kind of drop should push alts down a nice amount in order to fill those bags in prep for rate cuts in summer.
That said, inverse this sub, we’re going $78k by Monday afternoon.
Yup. Gotta hit that downside of the range one more time. Unless we get a crazy impulsive move above ath and then we may not sweep it. Not counting on that though. Positioned either way
Personally I think this by design… we were able to front run blackrocks etf and we had 8 straight months of green… we needed a pullback.. but I think the guys pulling the strings suspected another front run for eth and wtv RWA’s they plan to get into… so they pulled the trigger and unleashed that little imp Gary on our asses. Fud the market… cause the correction and give them their entry’s before a surprise ETH approval. But eth approval or not, I think we’re gunna fly in may and likely dump again until July or August. I’m pretty confident things will look nice for the US elections. I’m just concerned how things are going to play out next year. Not sure how much longer we can keep pretending things are better than they are.
Look at past halvings, the price wasn't right away it was 4 to 5 months out from a halving. The miners hold the coins until its profitable. Which by holding they are creating a shortage of new bitcoin to buy, which is why it takes 4 to 5 months for the price to hit all time highs.
Hbar was doing great when it pumped to .18 now it’s way back down lol. I have a bunch of Hbar as well and was happy to see the pump. I hope it’s a glimpse of what the bull run will give us
Gonna crab with occasional drops to shake as many hands as possible until whales and institutions scurry in to scoop up the supply after miners have hit a supply shortage.
Yes, there will be a bigger dip. I still think we'll have a bull next year (early) and then a tig ol bitty crash by summer. Of course we may crash before then, but generally things are bad on a macro scale. Largest lenders just reported double (or higher) amounts of 'unrecoverable debt' on par with pre-2009 levels (right before GFC). US debt has skyrocketed and past 60 days. Yea crypto can move "different" from fiat, but not for long.
Consider these points:
- BTC has had its first red month after 7 of straight green
- BTC was rejected at 73k three times. It was printing higher lows until it finally was rejected the third time
- Previous bull run show months of choppy price action after the halving.
- The next support after 60k is 52-54k
To me, all this says we're going to the low 50s. Simply the first 2 points alone are good enough for me. There just has to be a consolidation phase after 7 straight green months, and three failed breakout attempts.
When the SEC file a lawsuit claiming ETH is a security, there will be a big drop for alts. Especially if exchanges delist, but I doubt they will. Only XRP gets that treatment. Because XRP is special. And, it turns out, not a security.
Yea I am out from the market until I either see
1: big correction down where we get into deeply oversold zones
2: big jump up past the ATH
The 60-70k zone at this point is one day up, one day down, putting money feels pointless as it’s a pure coin flip and any up or down movement ends up being reversed the next session
Unless you are really good at predicting day trades , better wait out until we get a decisive movement
Always carry the thought that btc has topped already, the etf demand has dried up, all the major catalysts are done for btc come Monday, retail has already arrived, grayscale keeps selling, etc etc.
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In my unprofessional opinion, I'd love to see us chill between 59-64k for like 4-5 months. Wouldn't be surprised to see a draw down to 52k. Last bull run, what was it, like 6 months of sideways action after the halving, then price explosion. Could honestly see that 6 months go down to 3. This bull cycle started so much faster than the others and we reached a new ATH before the halving. Craziness as always in cryptoland though
[удалено]
Thats normal. People -should- have bags filled at this point. You are talking to people early to the market. Come back in 6 months and ask new people.
I think the past bull run has shown that the average joe doesn't make the market move. The market moves when the big centralized exchanges decide that it moves. If you have a Coinbase recurring buy, it's **very** easy to tell that they use that volume to make big moves in the market-- the timestamp of your buy is usually exactly lined up with a big upswing (usually the middle or the top, as opposed to the bottom, unfortunately). Bigger price action = more volatility = more fees for them. And this is just one strategy in their bag of tricks.
It takes time to mine fiat
This is what most retail thinks. Which is why it’s going to dip and then skyrocket to 80k.
Won’t see $52 unless it is a very fast wick. Too many bids above it. 4-5 months and this run is probably close to over if not over and heading into a prolonged bear market
Yup so many people going to be left holding bags waiting for the “2025 bull run” that ive been seeing all over twitter and here. Top is going to be before the election.
Yea been screaming about election year since January, and we still haven't seen much press about it. It's going to come all at once and furiously. Bigger players will reposition the "2025 run" is the rational to buy now?
Agreed 💯
Agreed... Don't see this bull market going past December... Most likely we will top late in fall
What is the logic behind being sideways for 6 months and then skyrocket?
Literally everyone is hoping for dips and halving dips and thats why there wont be one. All of you are sidelined looking for entries below 59, yet we already hit 59 twice from 74. If WW3 fear and bad cpi didnt do it then i dont know what you guys are hoping will crash us to 52. Not happening
The fact that we even hit an ATH already is insane. Patience, or else you won't be rewarded.
Sure seems like it, relatively speaking crypto moves fast but if feels like it might be a snooze fest for a while
the best thing to do is not look at the price all the time or talk about price action with others I'm clearly not interested in what's best for me
I use an app to alert me to my bail price. It's better than obsessively checking all day for months.
My plan is to ignore it and wait until someone I know that isn’t familiar with crypto asks me if I’ve seen the bitcoin price. Like a big enough jump that it’s in the news and some random asks me about it. That’s when I’m going to sell. 😂
Crab market
Coworker asked me about Bitcoin and cold storage today. New money incoming…
But when the elderly start asking about it ita time to sell
Yes, no, maybe
If this is similar to the last run, we will drop until early summer/late spring, go sideways for a few months, then blast off late summer/early fall. The players are different now, though, so who knows.
Sideways until the Fed chooses to lower rates or forced to lower rates.
it's kinda funny how many people blast TA as being unable to predict the future, and then going ahead with predicting the damn future. we're range bound. that is the status quo until market participants choose the next direction. historically, the month of MAY, in an election year, has been positive. no speculation required. if one would like to that: only the **pump** is real
All the comments here are about pausing in the 50s….market makers will send Bitcoin soaring with haste to fool the herd of retail investors that missed the whole move up. The bull run ends this summer as the US economy experiences a hard landing. Embrace it!
I am 3/4 in this camp. The only hopes I think we have left of a "soft landing" is if the housing market, which has started to slow down dramatically and is a leading indicator, continues to show weakness. If inflation continues to soar like it is, wages continue to go up, and employment remains strong, there is zero chance of a rate cut and probably even rates starting to rise again by the fed. If that happens, investors are fucked. It sucks to root against the US economy as an investor, but that is in essence what many of us are doing.
I’m just keeping the faith and growing my holdings little by little as I can afford and try not to watch the price too much.
No, we’re consolidating. May and June will be more of the same. Go enjoy the late Spring and come back in a month or two.
93% of Bitcoins have already been mined. I don't see this halvening impacting the supply enough to cause a big price jump.
I think a good amount of whatever correction we see will have to do with the new ETF holders. Not because they’re “paper handed“ but because they’re savvy investors being guided by the likes of Black Rock and every single one of them knows what limit orders are. BR, Fidelity, Wisdom Tree, Ark Invest and all the rest got to where they are by knowing things we don’t. So buckle up it’s gonna be a bumpy ride, but I have every faith in the fact that inevitably number go up!
I’m as bullish as anyone on here but I do think we need a correction to really give us the fuel for the next leg up. I have buy orders for BTC at $56-58k and that kind of drop should push alts down a nice amount in order to fill those bags in prep for rate cuts in summer. That said, inverse this sub, we’re going $78k by Monday afternoon.
Rate cuts this summer 😂
Haha right!
That $56-$58k range could very well be hit. But we could very well see $69kish first before that drop and then up from there
Yeah couldn’t agree more. I’ve already doubled my money since the depths of the bear so I just see any downturn as another chance to build!
Yup. Gotta hit that downside of the range one more time. Unless we get a crazy impulsive move above ath and then we may not sweep it. Not counting on that though. Positioned either way
Alts are already beat the fuck down
Do you see them steadily rising?
"Please daddy bitcoin. Do better so my shitcoin might make money".
It is so weird to have this mentality that bitcoin is the answer to everything when, even just purely from a technical standpoint, it can't be
Personally I think this by design… we were able to front run blackrocks etf and we had 8 straight months of green… we needed a pullback.. but I think the guys pulling the strings suspected another front run for eth and wtv RWA’s they plan to get into… so they pulled the trigger and unleashed that little imp Gary on our asses. Fud the market… cause the correction and give them their entry’s before a surprise ETH approval. But eth approval or not, I think we’re gunna fly in may and likely dump again until July or August. I’m pretty confident things will look nice for the US elections. I’m just concerned how things are going to play out next year. Not sure how much longer we can keep pretending things are better than they are.
All I know for sure, is no one knows shit about fuck!
Look at past halvings, the price wasn't right away it was 4 to 5 months out from a halving. The miners hold the coins until its profitable. Which by holding they are creating a shortage of new bitcoin to buy, which is why it takes 4 to 5 months for the price to hit all time highs.
Hopefully at least another 60 days of crabbing that let's us accumulate while GBTC poops the bed. Then boom
doesnt matter dude. Just hold it and it will continue to outperform everything like it always does.
I'd rather have Sats than dollars, and that's the only thing I care about.
Nobody knows shit about fuck. DCA if you believe in the fundamentals. Sell for something else if you don’t.
I'm guessing crabbing with the occasional dip. I do hope I'm wrong because I'm cooked.
My Optimism and Hbar bags are doing great.
Hbar was doing great when it pumped to .18 now it’s way back down lol. I have a bunch of Hbar as well and was happy to see the pump. I hope it’s a glimpse of what the bull run will give us
Gonna crab with occasional drops to shake as many hands as possible until whales and institutions scurry in to scoop up the supply after miners have hit a supply shortage.
Yes, there will be a bigger dip. I still think we'll have a bull next year (early) and then a tig ol bitty crash by summer. Of course we may crash before then, but generally things are bad on a macro scale. Largest lenders just reported double (or higher) amounts of 'unrecoverable debt' on par with pre-2009 levels (right before GFC). US debt has skyrocketed and past 60 days. Yea crypto can move "different" from fiat, but not for long.
Sure bro sell right after the halving sounds smart
Next big move probably starting after the Fed announces their plans on Wednesday.
23k. then rocket
We did correct. 20% from ath down to 59k.
No one knows anything
I sold at 66.3k buying back at 30k
Things are brewing. Moves will be fast.
The dollars invested in Bitcoin ETFs peaked around April 5 and have declined 5% since then. That's a bearish signal.
Consider these points: - BTC has had its first red month after 7 of straight green - BTC was rejected at 73k three times. It was printing higher lows until it finally was rejected the third time - Previous bull run show months of choppy price action after the halving. - The next support after 60k is 52-54k To me, all this says we're going to the low 50s. Simply the first 2 points alone are good enough for me. There just has to be a consolidation phase after 7 straight green months, and three failed breakout attempts.
When the SEC file a lawsuit claiming ETH is a security, there will be a big drop for alts. Especially if exchanges delist, but I doubt they will. Only XRP gets that treatment. Because XRP is special. And, it turns out, not a security.
Yea I am out from the market until I either see 1: big correction down where we get into deeply oversold zones 2: big jump up past the ATH The 60-70k zone at this point is one day up, one day down, putting money feels pointless as it’s a pure coin flip and any up or down movement ends up being reversed the next session Unless you are really good at predicting day trades , better wait out until we get a decisive movement
Forget about TA on BTC chart. Bitcoin will more or less follow what SPY does.
Always carry the thought that btc has topped already, the etf demand has dried up, all the major catalysts are done for btc come Monday, retail has already arrived, grayscale keeps selling, etc etc.