Bitcoin is going back to 30k

[Anonymous No.58100258]

If you know anything about bitcoin cycles, you know that this “cycle” has started nearly a year too early. The entire reason a halving is bullish is because miners are inherently sellers on the market, and the quantity that they dump on the market gets cut in half literally overnight. This results in a delayed effect where a bullrun generally begin 6-12 months after halving. The reason bitcoin has nearly tripled in less than a year is because of temporary etf inflows. Those inflows have stopped, and the average buy in price of the hig funds is less than 30k/btc. We are just not starting to see the inflows dry up, and suddenly this “bullrun” will be realized for what it is- the biggest bulltrap ever. I am bullish long term, but the bullrun wont begin until Q4 2024. I only hope people dont lose so much money now that it ends up deflating the run.

[Anonymous No.58100285]

>>58100258
what is your track record performance in predicting tops?
were you able to sell the 2021 top?

[Anonymous No.58100325]

>>58100258
>it's different this time

[Anonymous No.58100393]

>>58100325
You seem confused. Thinking that the bullrun is starting pre halving is thinking that things will be different. I am arguing the opposite. Bitcoin is drilling right now as I type this comment. The downtrend has not been broken, and we will likely see sub 50 this weekend.

[oh no no no No.58100394]

>>58100258
no need to thank me

[Anonymous No.58100400]

>>58100258
So you are saying that BTC will not track stock market anymore?

[Anonymous No.58100410]

>>58100394
You forgot to draw a line of when the halving occurred for each of those cycles.

[oh no no no No.58100430]

>>58100410
Makes little difference.

[Anonymous No.58100458]

>>58100430
Yeah, the catalyst for every bitcoin bullrun ever makes little difference
If you actually believe this you deserve to lose your money. Dont look at the chart.

[Anonymous No.58100464]

Just yesterday everyone was saying oh shit I missed the dip damn I'll never make it and here we are dipping again. How many of you who said that are buying in now? I'm pretty reluctant myself maybe I'm an idiot

[Anonymous No.58100481]

>>58100458
the halving was frontrun retard, everyone anticipates it

[oh no no no No.58100484]

Its funny tho how you can judge a man psychological profile by just reading what he writes, that's all.

Bobo, you are sidelined and are coping that you have enough time to accumulate, when in fact, you don't. We are seeking the Pi cycle top this summer and that's a given. You know it, I know it. Cheers!

[oh no no no No.58100495]

>>58100458
I am not saying that halving is not a catalyst, you fucking imbecile. I am saying that it doesn't matter if I draw it or not. G! no wonder you are sidelined... kekw

[oh no no no No.58100513]

>>58100481
It will be the drive, and we might see the price top in Q3, or Q4, but whoever thinks that BR starts in Q4, when in fact it is running from 2023 is just delusional.

[Anonymous No.58100534]

>>58100285
brooo timing the market is sooo easy. if someone needs to tell you how your doing it wrong

[Anonymous No.58100554]

>cycles

[Anonymous No.58100560]

>>58100394
idk i feel like btc needs to go back to the yellow line and consolidate before the big move up where we get the mainstream mania

but yea idk maybe we just go parabolic here
but it just feels like we've already gone too retarded for this to keep going up sustainably
everyone is bridging to base and moving further down the risk curve
meanwhile base can barely sustain transactions and is having network congestion
solana also having network congestion these past few weeks

[Anonymous No.58100569]

here's your cycle bro
>*pisses liquidity all over the global markets*
>PSSSSSSHHHHHHHHHHHHHHHHHHH

[Anonymous No.58100575]

>>58100258
I mean sure if you are talking about the post halving correction every bullrun has had. I don’t see it coming down to 30k tho that would pretty much be a blow off top instead of a correction. But a 50% correction is in no way out of the question if you look at the history. Just looking at the last bullrun we went from 65k to 30k and came back to 68k

[Anonymous No.58100576]

>>58100534
sir can you please explain how to do this

[Anonymous No.58100589]

I've been away from /biz/ for 3 years and you faggots are still using the same exact memes & terms. What a dismal board this is

[Anonymous No.58100590]

>>58100575
lol did you see the flows this week from ETH/SOL into BASE?

looks like the market has gone full degen
buying memecoins on base

[oh no no no No.58100592]

>>58100560
That's cool, that yellow line is currently at 55k, keep in mind that whenever we go above it and sustain it, it marks the beginning of the end.

[Anonymous No.58100595]

>WARNING: you are leaving the stratosphere at alarming speeds, slow down reserve conditions

[Anonymous No.58100601]

>>58100575
I just contradicted myself there but yeah 30k would look like an invalidation of the bull to me so I would expect the 50% to come later

[Anonymous No.58100602]

>>58100258
>price will do X or Y
yea thats why you're a multi millonaire right? cause you can predict price and been doing so for years. Im tired of prediction tards, post long/short or stfu

[Anonymous No.58100606]

uh oh

[Anonymous No.58100609]

>>58100592
yea a correction to 55k would completely demoralize bulls
will be some very sizable dips to buy for alts

55k would do the job in getting rid of all the froth in the market

[Anonymous No.58100622]

[Anonymous No.58100632]

>>58100609
>froth in the market
go look at global net liquidity

[Anonymous No.58100645]

>>58100484
The same could be said to you, you're probably some dreaming wagecuck who hopes that this will finally be it

[Anonymous No.58100659]

Just took a loan because my net is 95% in crypto. If we run now, I’m good. If we dip hard, my net will be 150% in crypto. Actual degen shit

[Anonymous No.58100664]

>>58100258
The world's largest pension fund in Japan is looking into diversifying into bitcoin.
https://www.coindesk.com/business/2024/03/19/worlds-largest-pension-fund-seeks-information-on-bitcoin-under-the-portfolio-diversification-plan/

Gigabulltard news will keep coming and it can't be stopped.

[Anonymous No.58100671]

>>58100393
>sub 50 this weekend
I agree we are in a mild downtrend. But this comment makes you look unserious.

[Anonymous No.58101793]

[Anonymous No.58101979]

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[Anonymous No.58102096]

>>58100258
OP is a faggot