TESTING A SIMPLE BITCOIN THEORY:
The 0.382 Fib is the gatekeeper on the weekly.
It’s rejected multiple times already (4x).
$BTC 2021 top: $69k
0.382 level $42.6k. Break and the cycle low got threatened.
Now 2025 top: $126,272
0.382: $48,235
Which puts the key support at:
$78,037
This is the level that must hold.
Not Twitter hopium. Structure.
Risk management over narratives.
WHY BITCOIN is a better asset than gold or silver:
One reason why I trust Bitcoin is there are only to ever be 21 million.
I own gold and silver mines and oil wells.
If the price of gold, silver, or oil goes up, I will simply mine or drill for more, expanding supply.
I cannot do that with Bitcoin.
21 million is 21 million.
Take care.
This is how Elliott Waves interpret the situation: being bearish now means taking on significant risk for just a few thousand dollars in potential gains while putting your entire portfolio at risk.
Isn’t this robbery? Is it okay to rob people in the digital space? Why isn’t this considered a crime? Why isn’t the International Criminal Court getting involved to stop this fraud at a national level? I’m sure many poor people lost their last savings in this.
Attention of all bag holders is on this one word now. 🤣
Chill guys. No need to overanalyze.
More "valuable crypto" are likely to be added over time.
More countries will follow.
It's a fantastic start of something really good. Be happy. Keep building.