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.

As I predicted 7-8 months back, Bitcoin surpassed $80k mark easily. Chances to go even higher can not be ruled out. Ethereum is also doing great. It can keep on increasing still and can even surpass $100k mark but we need to be a bit cautious at this stage. Profit booking could also start any moment. Those stayed invested in the BTC for a year or more are laughing lound on those who were negative about the potential of the BTC or even terming it as fraud. BTC was there, is there and will be there for long. No other investment can match that, be it property or gold or anything else. Invest small and systematically. It can remain stagnant or downwards too but grdually if you average down in downfall of prices, the corrections will reward you great. Watch out.

I bought a "bit o biti" last week. Reminder BITI(pro shares Short on BTC futures). I have purchased BITI several times over the past few years when I think BTC has increased too much too fast. BTC was at 90K or so last week. I haven't checked it today (11/17)

BITI just announced on 10/28/24 it was doing a 1:5 reverse split on 11/5/24. It was around $6 dollars or so at that time. I started following it and after the reverse split it was around $30. Its my opinion that one reason for the 1:5 reverse split is to deter investors from speculating(Though same value post split obviously easier leverage to be had at $6 per share vs $30.) Possibly some arbitrage opportunities for folks that actually own BTC and bought it several years ago.

 As BTC started rising the past couple weeks BITI started dropping. I tried to get it at 25.55 but didn't get a strike that day. Last Wednesday(11/13) my price of $25.05 was triggered. It actually dropped on down to 24.40 or so I believe. Anyway , I was satisfied to get in at 25.05 and immediately set a sell price at .0735% profit. It(like BTC) is very volatile so I never leave it just setting idle(no trades on it) as alot of movement when our markets are closed(and BTC is live).


Good luck to all investors

I make another prediction for Bitcoin. In Feb 2025, after Trump actually takes over as the President of USA and formulates policies and fits people, all good cryptos will gain insane. I do not know BITI etc or even ETF. I would bet on BTC, plain and simple. If you buy and sell at a fraction of % in this bull run, I can not appreciate this as a very wise decision. Do not get overconscious. Just invest a bit of your income and get the biggest gains possible in investments. Do not ever sell BTC fully. You might not get that price ever again. Use price graphs to buy at support and sale at resistance.
           Huge price declines could be seen around Mid of 2025. Be watchful.