@papilios50827@Sykodelic_ the answer to your question is 98k.
Current market structure is:
126k Higher High
80k Lower Low
98k Lower High
60K Lower Low
-> 88K Lower High? 100k Higher high?
Most bears are technical in nature, once 98k breaks, the current market structure is invalidated and bias broken
@FascinationNet@TedPillows market structure
126k HH
80k Lower Low
98k Lower high
60k Lower Low
Next ? 88k lower high or 100k higher high?
Bearmarket not disproven until it breaks lower high.
Buying at 100k is a fair price with 5-10 years horizon
waiting for a third lower low gives a generational entry
@idobitcoin2 Yes the fundamentals of bitcoin is a nobrainer. Everyone should own bitcoin.
Should they buy bitcoin now? Every midterm cycle ended in q4. 2014, 2018, 2022. Every midterm had 4 Drawdowns.
I'll be happy to buy heavily at the third. If i miss it and have to buy at 98k. thats ok.
@Rajatsoni The 400 week SMA now stands at 40000$ . BTC price has never ever in history reached its 400 weekly sma. For it to go down to 30000$ would so big it would imo require a worldwide recession. The chance of that is not impossible but very unlikely. I would buy with both hands.
🇺🇸 SEC CHAIR ANNOUNCED LIVE ON CNBC:
THE CRYPTO MARKET STRUCTURE BILL IS ABOUT TO PASS.
“THE HOUSE HAS ADOPTED IT.
IT HAS PASSED.”
THE SENATE IS NOW MOVING THROUGH THE PROCESS.
“WE’RE LOOKING FORWARD TO GETTING IT ACROSS THE FINISH LINE.”
REGULATORY CLARITY IS COMING.
TRILLIONS TO FLOW ONCE THE BILL IS PASSED 🚀
@CryptoJebb Rest well @CryptoJebb im looking forward to your answer on the ISM PMI coming in at 52,6 and your outlook on Bitcoin in responds to this.
Thank you for your educational content i truly appreciate your outlooks, both bearish and bullish
Regards
Random btc holder from Norway
For alle bull-casene innenfor krypto som tenker at ISM PMI over 50 er den styrende detaljen for om bitcoin prisen går opp. Nå er den over 50 (52,6) for første gang siden februar 25. Så får vi se om det er dette som styrer prisen eller om det er 4 års syklusen.
HUGE:
🇺🇸 The U.S. Senate will vote on the Crypto Market Structure Bill tomorrow at 3:00 PM ET.
This is one of the biggest regulatory moments for crypto in years.
Clarity could finally arrive