Bitcoin - " Even if ...... "
Even if Bitcoin did nothing more than slink along its multi-year trend-line it would be well over 
25K by this time next year. Forget BAKKT, forget the halving, forget everything. If Bitcoin just follows its long-term trend that is what you would get. From 10.5K right now to 25.5K in about a year. That's not bad for one year. And that is just if it continues to do what it has done for years. But..... what do you think might happen when it hits the top of those intersecting yellow lines? Hmmmmmm
I've said it many times and I'll say it again. Those still calling for sub-6K and sub-3K prices are just fooling themselves. If they really want to ever own any Bitcoin they would be better off dollar cost averaging into a long term hodl position by buying the dips rather than holding out for a fantasy. Time is working against them. Time is working against everybody.
Even the 30 Week Simple Moving Average is over $7,200 right now (purple line) and the current Bitcoin price is sitting right on top of the 20 Week SMA. (orange line) Anybody that thinks we are going to bust the multi-year trend line AND bust through these two long term averages are just kidding themselves. You will NEVER see sub-6K Bitcoin ever again. So rather than continuing to indulge your fantasy why don't you get with the program and start putting a little Bitcoin into your stack while you still can? Unless of course you'd rather hang on to your dollars. At the moment the dollar still has about 3 to 4 cents purchasing power since the day they were first printed. That's right, a $25,000 car today would have cost you about $750 or less many years ago when the dollar was actually worth something. Like I said, right now you have about 3 to 4 cents left but that too will soon be gone as the Fed lowers rates and starts printing more dollars. But hey, stack as you will. It's none of my business what you do. I just know what I'm doing. :0)
And that's just my 2 Satoshi on the matter.
Good luck!
BBS out.
25K by this time next year. Forget BAKKT, forget the halving, forget everything. If Bitcoin just follows its long-term trend that is what you would get. From 10.5K right now to 25.5K in about a year. That's not bad for one year. And that is just if it continues to do what it has done for years. But..... what do you think might happen when it hits the top of those intersecting yellow lines? HmmmmmmI've said it many times and I'll say it again. Those still calling for sub-6K and sub-3K prices are just fooling themselves. If they really want to ever own any Bitcoin they would be better off dollar cost averaging into a long term hodl position by buying the dips rather than holding out for a fantasy. Time is working against them. Time is working against everybody.
Even the 30 Week Simple Moving Average is over $7,200 right now (purple line) and the current Bitcoin price is sitting right on top of the 20 Week SMA. (orange line) Anybody that thinks we are going to bust the multi-year trend line AND bust through these two long term averages are just kidding themselves. You will NEVER see sub-6K Bitcoin ever again. So rather than continuing to indulge your fantasy why don't you get with the program and start putting a little Bitcoin into your stack while you still can? Unless of course you'd rather hang on to your dollars. At the moment the dollar still has about 3 to 4 cents purchasing power since the day they were first printed. That's right, a $25,000 car today would have cost you about $750 or less many years ago when the dollar was actually worth something. Like I said, right now you have about 3 to 4 cents left but that too will soon be gone as the Fed lowers rates and starts printing more dollars. But hey, stack as you will. It's none of my business what you do. I just know what I'm doing. :0)
And that's just my 2 Satoshi on the matter.
Good luck!
BBS out.
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