The WW3 rumours, Fed keeping rates higher for longer, GBTC still selling off, anything else they want to stick in the mixing pot to try and mess everything up?
It’s annoying and a little unsettling, thinking that potentially any more FUD could send us under 60k. I’m not sure we can take much more bad news and hold 60k.
However the halving is in 3 days, I thought we’d be at maybe 45k at the halving if you asked me last year. Things will become very bullish, very quickly. We just need to be patient, there’s a lot of negativity right now with current world events and it’s spilling into markets, Bitcoin is not immune to panic selling.
Stay strong, ignore the noise and HODL.
$200,000 - $250,000 in play for mid to late 2025.
Yeah, about 1 year ago, I probably would have considered around $45k to be a reasonable pre-halvening price.. so yeah, maybe anywhere between $40k and $55k... and surely not really thinking that new ATHs would have had been breached, so maybe the fact that we are kind of stuck in this $55k to $82k range, right now (yeah maybe more narrowly $59k to $74k.. for the last 1 or two months and really we could say that the timeline of this range is really getting quite close to two months, but we probably would have to count February 28th as the date of our breaking into the range.. and we can look through the last two months and see quite a bit of volatility within such range.. and it seems to be a kind of healthy fighting of the over-exuberance in regards to getting into this range prematurely....
but the fighting of the range and the desire to not go up is NOT really seeming that likely to be won by the bears.. There just comes too much extra uppity pressures once we start getting into this noman's land range, and the extra buying pressures from the BTC spot ETF is not helping the case for down. (or even down before up).. Yeah, sure, it could happen, but it does not seem to be a smart play.. down before up seems like a losing play.
But, hey, whatever, part of the reason that some of us continue to be prepared for down, just in case, is so that we don't go crying if the BTC price does end up going down before UP.. but at least those same us are largely already prepared for UP, which may or may not be the case for a lot of folks who are either sitting on the sidelines or maybe some of those who are trying to manipulate the price down, they might end up suffering from overconfidence by some hard unsympathetic honey badger UPpity price moves.
