Bitcoin: Road to $10,000

2022年9月22日

It looks like the week is closing red, which means that BTC will crash down even further. My long-term prediction is that BTC will go to $9,500 by the end of next year. It could even be this year, who knows? Moreover, the reason I subscribe to that notion is simple. At the start of the 2020 bull run, it went from $6,400->$10,700->$58,700->$35,000->$66,000. It seems logical that BTC will retrace back down to at least $10,700 just by looking at the predictability of past chart movement. I'm not on copium or mildly hopeful right now (current crypto bag holders).

This isn't financial advice; however, anyone telling you to keep holding your bag, when you know it's going to drop, doesn't give a shit about you. They want to bring you down with them, so they don't feel like complete dumbass, only impartial dumbasses. If you need to sell, do it. You can count your losses on your taxes for next year and strategize on DCAing into this bear market. Again, this is my opinion, so dyor and make your own decisions which fit your current financial situation. Peace!

2023年1月12日

註釋

My target has changed to 9,800-$1,700 for Bitcoin. It can go lower if there is a domino collapse in multiple markets within this same year '23 (housing, stocks, commodities, job, etc.)

2023年3月10日

註釋

In this space, you have to adapt. I was opened to idea of a bull trap that would rhyme with 2019's bull trap. My target was BTC to go to 48K, but after seeing multiple rejections at the 25K mark; I became bearish again. I'm seeing a new bottom for April, possibly 17k-14K?