drifting along in the 60-70 slot one day we will leave and quite dramactically.
Yeah we’re building a real acceptance that > $65,000 is normal. Soon there will be a real lack of willing sellers at these prices and the effect of the halving is going to kick in. The next leg up will take us into the $85,000 range I think.Hopefully we see over $100,000 this year. That will set us up nicely for the peak bull run in 2025. I really need to devise a sell plan for this cycle soon. I’m planning to sell 25% again (like the last cycle peak bull zone in 2021).
Personally, I think that it is better to have a somewhat tentative plan in advance so that you sell on the way up rather than selling on the way down.. yet, I also know that sometimes with the varying personal tradeoffs in regards to how to do accomplish it, it can be easier said than done... . even though I surely buy into the raking approach, but I have been too whimpy so far to even attempt anything close to 25%, which might not be a bad idea.. but I am not unhappy with what I have been doing either.. Maybe I could consider some kind of a compromise.. like 12.5%? So yeah, maybe I am in a similar boat as you, even though I don't really feel any burning need to sell more than I already do in my already existing system.
I don't think price will go below 50k ever again.
Is this a good statement based on the price action of the past 3 years or so?
Unless some goofy goober with a centralized exchange decides to hurt the price again like SBF did -.-
I thinkresistance support will be so strong after this halving, and people are going to be fighting over satoshi's like never before between now and next halving.
Thoughts?
EDIT: LFC! Thank you <3 I guess my perception on price action behaviour is somewhat decent! Very self-movivating and I appreciate that merit.
Is this a good statement based on the price action of the past 3 years or so?
Unless some goofy goober with a centralized exchange decides to hurt the price again like SBF did -.-
I think
Thoughts?
EDIT: LFC! Thank you <3 I guess my perception on price action behaviour is somewhat decent! Very self-movivating and I appreciate that merit.
First of all, you are talking about support and not resistance, so I FTFY
Second, there is nothing really wrong with your proclamation, even though you don't really give very many claim specifics beyond that we are not going below $50k again absent some kind of a black swan event.. .. .. which is not an outrageous proclamation..
A few months ago, I made a claim that I would be willing to bet (so I consider the odds to be greater than 50/50) that we would not come within 20% of the 200-WMA before the end of 2025.,. and sure currently the 200-WMA is moving up at about $42 per day and currently it is at $34,726-ish. https://bitcoindata.science/withdrawal-strategy
