Bitcoin Price Thread

johnarb said:
Nothing happened. Bitcoin went back to $20K where it's been stuck for over 2 months
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That's a pretty violent upswing. Wouldn't wanna get on her bad side. Whew!

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schizo said:
That's a pretty violent upswing. Wouldn't wanna get on her bad side. Whew!
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In 2017, we were getting $1K moves every 1-3 days when btc was less than $10,000. Look at the beginning of this thread

We need a few days of that, but it's a bear market so not likely
 
I've seen a lot of charts in my day. I've seen a lot of levels. But I have never seen a long-term support level like BTC at 20K. Man, that is so sticky. Look at all the times it broke support lower. 20K was a magnet. Look at the times it bounced. 20K was the magnet. Just dayum.
 
No triple-digit ETH today, so I loaded up on 2.5K shares of a REIT @ 30% discount to NAV.

That said, I can't even guess where ETH will be on monday. Just sitting tight and watching the western economy burn for now.
 
Overnight said:
I've seen a lot of charts in my day. I've seen a lot of levels. But I have never seen a long-term support level like BTC at 20K. Man, that is so sticky. Look at all the times it broke support lower. 20K was a magnet. Look at the times it bounced. 20K was the magnet. Just dayum.
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And that’s why it will probably fail, eventually. Just because price bounces multiples times doesn’t increase probability, it is what it is, a bounce. I’m not implying one should not be a buyer, I just don’t view multiple bounces of support any more of a signal then a double bounce, it either takes off or it doesn’t. Maths does the rest.
 
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