Here we are battling out the 24,200 horizontal resistance again, for what, the 4th / 5th time?
So what are targets now? 25,500-28,900? 33K wick? Let's go, but we're closer to lows than we are highs.
Well, after an inverse head and shoulders. Three dumps with high volume (Dec,Jan, June) with obvious forced selling.
I suspect reversion to mean being time based. I have more time targets rather that price targets.
Ranges for a longtime investor is to accumulate anything sub 20k. Delaying it is better in a bear market, no? It's possible if you set buy limits sub 14K that would fill, sure, but will you regret buying at 33K in 3 years, if your goal is to hold it for 10+ years.
Or, this can be used as cash with enough rehypothecation and derivatives that suppress true price discovery despite mainstream adoption of utility in the future as intended in whitepaper. A peer to peer electronic cash system. Doesn't debase. Reliable distributed timechain Yada Yada. You know, the invention of bitcoin.