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/biz/ - Business & Finance

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2070589 No.2070589 [Reply] [Original]

so obviously the price of btc is dead cat bouncing after its ATH but how much will it bounce and how far will it fall?
10 btc to whoever gives the best answer

>> No.2070602
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2070602

>>2070589
It'll hit 1750 and floor to 1550 for a bit.

Now please kindly direct 10 BTC to 19qzEUoAMMiz73CuPPu1uBdYvQTTyuSra3
if you could be so kind. I'd appreciate it a metric shitload.

>> No.2070631

>>2070602
Sent ;)

>> No.2070760

>>2070589
Closest line of support I can see is around $1250. BTC has seen non-stop upward movement from 900 to 1900 with no significant retrace since 1200. A lot of this has come from speculation in BTC trusts like Ailbert's Greyscale which currently puts the value of the trust near 50% above the actual BTC price.
This sort of rapid rise in the price of BTC is driven purely by speculation and is entering bubble territory. The problem with bubbles is, it's had to see you're in one or when it's hit it's peak. However, it remains that it's difficult to find any support above $1200. If it does dump or retrace for an extended time, that's mostly like where it's going.


1tVw58bw5nv3mTfQMpAFdLUmDvHew7G11

>> No.2070806

Also as a side note, just keep an eye on ETH for a few hours. if it breaks 0.0516, you could see a quick breakout run to 0.056 or even higher. Forming a small pennant pattern that could break out very soon.

>> No.2070839

>>2070806
I'm going long on it with all my money, made 10e so far. Hope you're right.

>> No.2070843
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2070843

>>2070589
TFW not even out of stealth phase.

>> No.2070873

>>2070589
The last drop from the then ATH of 1300$ was due to both a long overdue correction in price and related negative event (Winklevoss ETF denied). The current bullrun is also about to pop and correct itself, but due to a lack of corresponding negative events (that greatly affect BTC viability as an investment vessel) it will not crash below 1350. I'm confident it won
t drop past1400, instead hovering between 1400-1500 to form the new floor. Retesting the current ATH may takea while though.Expect sideways trading for a month or two after this historical high.

BTC very much appreciated lads...
1Bx451fudK5pggpUwaFZ83F82NzJ2V

>> No.2070889

Based off of not knowing anything about markets and just looking at a bunch of graphs for 20 minutes the it will crash to about $1350 over the next week.

If for some reason it manages to get down to $1100 I expect it to collapse down to ~$700 as everyone and their mother panic sells to try and stay even for when they bought between $900-$1100.

>> No.2070950

>>2070889
>$700 Bitcoin
Stop I'm too aroused

>> No.2071125

hook a broke college student up pls :c

129Ls1oFCBXdMjBXP4ZAgeC3H6CuPgtGkB