If BTC breaks through $20,000 next stop $10,000.........

The_Krakenite said:
You seem to have forgot that BTC already flash-crashed down to the 17K level... and jumped up because your theory is bogus. Too many buyers at that level.

If it ever goes to 10K, this will be due to the crashing equities which will be due to the rising interest rates.

If the fed does the opposite with rates and panics because of recession/depression, crypto may go to the moon again.
More...

Yep, any pivot from Fed or Sleepy Joe toward QE or stimulus, and we are off to another mini? bull market.

Quick liquidation wicks aside, I don't see BTC going below $16k.

The way BTC really gets to $10k is a slow bleedout
 
FreeGoldRush said:
You don't see the technological advantage over other currencies that are managed so that supply always increases and new currency units always go to a favored class? Seriously? Or the nearly 0% fee for transfers compared to 2.7% charged to merchants by banks? Or the fact that there is no central authority that can freeze and seize currency units?
More...

Alice isn't buying coffee from Bob with BTC, and never plans to. That narrative for BTC is long dead.
In fact, Alice isn't buying coffee with any other crypto, even though quite a few have tried to make that the focal point.

What does seem to actually work to transfer value accurately within blockchain, is stablecoins.
USD stablecoins.
 
BTCUSDT_2022-07-27_22-54-43.png


Near 20K , a good support area can be seen but if it breaks then approx 10k, 11k will be the next support zone . It is corrected about 65% from last 8,9 months till now . BTC is the pillar of crypto market , it will surely bounce back for a new high very soon as the price action is representing.
 
The title of this thread did not age very well. Despite BTC went as low as 17K, it didn't come close to 10K and it's been over a month now...

Come on, even a broken watch can be correct 2x a day.
 
Last edited:
You must log in or register to reply here.
Back
Top