@sminston_with In fairness, there isnt some hard floor as if it’s a concrete wall.
But from statistical sense, anything lower than mid 50’s would be a beyond anything it’s done before. High 50’s would already be in company with just a handful of prior days. And that’s today, let alone october
@JoshMandell6@alexjones85286 Thanks, yes for sure. But not enough history for IBIT. For example, since the last bear market low BTC has done ~4x, and MSTR has done ~8x, and here we are again near the bear lows. They must be doing SOMETHING right?
@JoshMandell6@alexjones85286 I like to keep tabs on the MSTR/BTC chart. Higher highs and higher lows since January. I think there is some truth to MSTR leading the way, yes?
@dotkrueger The bullish case for MSTR is that since the last time BTC was at the power law floor in Nov 2022 to now, it has done ~4x. In that same time, MSTR has done ~8x.
For all the talk about higher upside and downside, the long term view suggests mainly higher upside.