Could go lower, but I'm buying more here.
Bears are just bulls in waiting.
Maybe even lower, but these are accumulation levels.
Never forget to take profits. Without profit, how would you buy more $BTC?
@KillaXBT Even if Bitcoin went to 57 or 53k, these are still great levels to accumulate spot Bitcoin.
Anything at or below the 200 week moving average make historically good holds.
We've just touched the 200 week moving average. That's usually great support, but we went below it in 2022. So I can't say with confidence that this is the bottom.
I understand where your point is coming from with 2015 but the chart looks closer to 2022 imo.
I bought more BTC here because even if it went to 57 or 53, these are still good levels for BTC accumulation.
With that said, it is possible to have another counter trend rally here and find a lower or equal bottom in Q4.
Bitcoin repeats itself. Good job to those who bought 60k and sold 80k.
Watching these levels for buying and holding.
60k (200w MA)
57k
53k (Incase we wick below 200w MA like 2022)
These are great levels to be bullish around. Look at their importance 10 years ago.
@benjamincowen@martypartymusic We gonna talk about the infamous "dunking on Ben Cowen" indicator?
How it works:
Ben provides a narrative for bears.
CT mercilessly dunks on him.
Crypto proceeds to get rekt.
Very high hit rate.
Bitcoin repeats itself. Good job to those who bought 60k and sold 80k.
Watching these levels for buying and holding.
60k (200w MA)
57k
53k (Incase we wick below 200w MA like 2022)
These are great levels to be bullish around. Look at their importance 10 years ago.
Target 1 coming up. If sensible, offload laggards when we get to the 79 - 82k range.
I can't see us getting the high 80s before another low.
Congrats to those who bought in the low 60s. Don't be too greedy and remember to take profits.
@Coinvo What does that even mean? As in taking private property and redistributing it?
Or are they buying property from private owners and then distributing it?
@jasonpizzino Bitcoin is the only one that I hold. Yes, I should have bought more AI stocks, but Bitcoin's historical performance has been impressive.
In April of 2019, BTC was only 5,000 dollars. It's decentralized.
To all my friends who want to get rich.
Invest in yourself. Build a business. Don't put your money in projects trying to replace Anthropic, OpenAI or Google, they are likely to fail.
Learn more about commercial real estate.
Please start playing the long game. Give up the exit liquidity life, you and your family deserve better.