Bitcoin Price Thread

wxytrader said:
Yeah the cup and handle. I've been posting for freaking months. Does anybody just give credit where credit is due ever???

Nobody and I mean nobody is ahead of me when it comes to projecting the price of Bitcoin. :)
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Sorry not educated on EW charts. Are you saying that bitcoin will hit $1.2M before end of 2025?
 
jbusse said:
BITO often pays hefty dividends. The current bitcoin price will take BITO to approximately $22 from its ex-dividend price of $21.01 (Friday's close of $22.51 minus $1.50 dividend).
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Ok now I see it (22.51-1.50=21.01)
Current price is 22.03, so relative to bitcoin BITO moved up $1.02 (22.03-21.01) So if no dividend payout we would be at 23.53 (22.03+1.50)

It looks like any dividend drop is short lived followed by a pop, so I'll just hold till expiry to see if BITO recovers. This would explain why the calls were so cheap, as they were factoring in the d drop.

upload_2024-7-1_5-43-15.png
 
nitrene said:
Is BTC going in the direction of the macro? It doesn't seem to follow FANG+ or Semis anymore.
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everything is pumping, all commodities, stocks,...

But bitCON is dumping because its a ponzi scam.

The only hope for Bitcoin are bounces where more grannies buy into the scam. But it's obvious. This thing is going to below $10K before end of year.
 
orbit23 said:
everything is pumping, all commodities, stocks,...

But bitCON is dumping because its a ponzi scam.

The only hope for Bitcoin are bounces where more grannies buy into the scam. But it's obvious. This thing is going to below $10K before end of year.
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Translation:
images


Sorry buddy, you missed the 10k boat 5 years ago. :)
 
Wow.....

I remember everyone screaming 70k 72k 75k and even Tom lee screaming .100k...look at this thing...keeps dropping and dropping.....no one thought buying at 70k would happen to see i it trading at 57k a few months later.
They thought only butcoin goes up ....maybe we see a 20% drop in equities next after this bitcoin europhoria has faded...
 
S2007S said:
Wow.....

I remember everyone screaming 70k 72k 75k and even Tom lee screaming .100k...look at this thing...keeps dropping and dropping.....no one thought buying at 70k would happen to see i it trading at 57k a few months later.
They thought only butcoin goes up ....maybe we see a 20% drop in equities next after this bitcoin europhoria has faded...
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Really??? Everyone???. Why are you listening to talking heads?

I posted this back on Apr18...

wxytrader said:
What are you talking about? I was the one who told you guys it was going to pull back to possibly sub 50k if it double corrects when it was in the 70k's.

Here is the proof.

View attachment 338493

https://community.swingcharts.com/t/btcusd/21/2?u=darthtrader :)
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Seriously the name of this forum should be changed to Novice traders.
 
wxytrader said:
Really??? Everyone???. Why are you listening to talking heads?

I posted this back on Apr18...



Seriously the name of this forum should be changed to Novice traders.
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Okay so 97%.......

Mstr ceo was buying up coins left and right...stock was near 2000.....now dropping into the 1000 area.
 
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