Albalaha: "I believe it will again go up by the end of this year reaching new high again."

I agree as that is how the early hodlers and the current whales can make the most ROI. I expect we will see many gyrations from BTC in the coming years.

Currently /according to my calculations the present range suggests a ceiling @ approx 74k with a basil of 59k. The current price is 62k today 5/10/24. If it can't hold above 59 we may see another move downward in the near future. There is a large group of recent buyers that bought in around 52-54K and if they panic we may see another tanking.

*My recent 4 of 5 positions of BITI(proshares SHORT BTC) was liquidated at an ROI of 7.5%. I had a trailing sell order and this recent BTC uptick from 56--63k made it hit(BITI is a SHORT on BTC futures). This was my 4th of 5 tiers as previously noted in above posts. The earlier three tiers were liquidated at a >=13.5%, 16.6%, and 20.0 % ROI. My 5th of 5 tiers is on hold as Im thinking of just letting it run. I may even hold for a few months or years. I think we are going to wake up some morning and find BTC has plummeted like a lead weight.



Best of luck to all bitcoiners.

As expected, BTC has an uptrend for last few days. It has always happened after halving that price corrects a bit before going too high. I again say that BTC is here to stay for long. Biggest investment whales are into it for a reason.

I wrote this on 4th May 2024 about Bitcoin:

QuoteBTC always sinks around halving and goes up heavily. I believe it will again go up by the end of this year reaching new high again. This tanking of price gives an opportunity to add more to your wallet for "average down". Actually, the surge and tank are essential to keep it under trading.
  If it tanks too low immediately and doesn't rise to a new high level BTC will lose lustre.New altcoins like BlockDag and PI could easily replace it being faster and safer way to transfer value.

Today, i.e. 6th of November Bitcoin reached $75k, an All Time High. Trump won the presidential election today in the USA. I again those who invested in Bitcoin or Ethereum for last few years and took benefit of average down by investing more, stand to gain the best any form of investment can offer. We might see temporary drawdowns but till January $80K Mark is most likely than not. Stay invested in the BTC and ETH. All the best.