I’d like to see it go below 10k but it’s doubtful. I don’t have a TA target
Yeah I don’t see that happening any time soon. IMO I see the market surging upwards instead
1 Like
We will see
We’ll know by the end of this week, since it’s mid cycle. If we don’t have a sharp decrease for bitcoin… to the moon!
1 Like
Hey guys, I’m thinking that BTC won’t go any higher than 51k, if it will keep on pumping, and after that pump my target would be 20-25k
What’s your opinions on this bull trap?
1 Like
Looking at how things look, I think this is not a bull trap. Correction potentially mid sept then bull till eoy.
Bearmarkets are not this short, as far as I am aware it was just the beginning.
But we will see in the following weeks, if BTC breaks the ascending trend line it’ll go down for a while
1 Like
My belief is that we’re still in a bull market and will be until eoy. we’ll see in 2 days how this cycle ends.
Yea, we will have a dip in sept, but I do not think that is the end of bull market.
200k+ $ BTC easily this year.
The way up to that can be bumpy though.
2 Likes
Now that we have a really good mid cycle, I hope everyone doesn’t believe in bull traps for the rest of the year. What think happens next:
- Bullish for the rest of the cycle
- Correction mid-end sept
- Moon eoy
1 Like
I’m still wary but I did buy some RIOT shares yesterday to dabble in case I’m wrong. Still holding off on buying any BTC. I found this video on youtube which shows how wrong these guys are usually about this stuff in regards to Etherium. Pic below.
1 Like
Bitboy is absolutely awful, he just baits with ridiculous price predictions to get clicks.
3 Likes
By the way, I’m dabbling into providing liquidity on Uniswap (v3) to test out how much passive income I could make doing so, in a stable way. Made an average of 10$ a day off a 1.1k investment so far, will update in the future if anyone’s interested.
1 Like
We’re at extreme greed right now according to the fear and greed index for bitcoin.
BTC almost reaching 50.000 u$
To add to that, RSI is at the 70 area which suggests it’s being overbought. With that said I’ve got another indicator that rarely gives buy signals and it gave one at 45k, which is interesting.
To put it into perspective, the last time this indicator gave a buy signal was December of last year when Bitcoin was at 19.5k.
2 Likes
Do you wanna share the name of this indicator?
I agree but that particular clip was for “The moon” aka: Carl. Not bitboy
Exited my riot position today. My commodities are mooning so no need to try and raise funds for buying dips anymore
Let’s manifest another big crash to buy into!