> The weekly candle has closed below the 50 week moving average for the first time in 3 years
> This is the third time in Bitcoin history that we would close below the weekly 50MA.
> So both 2014 and 2011, when this happened, led to another 50%+ drop. If history repeats a third time, we'll see $3k
Buckle up motherfuckers
I can't wait for the wojaks. I will ride these digital funny monies to zero, bring it on.
for 3k I am selling my boat
if btc goes below 4k I'll live in my car and put everything into crypto i have
DELET
for 3k i am selling myself for more capital
I shorted 25x @7220
never
can't wait until this bounces and goes for 8k, kek. RIP you.
I'm already selling shit to buy more btc if that happens.
agreed he's a dumbass, bounce is coming before we break through 6.8k
Nah it isn't going to bounce anymore, I'll start to long at the bottom
Almost guaranteed a bounce to 7.7-7.8k. I admire your bear qualities, but play it safe. Take profits early on that short and get ready to reshort the bounce.
chinks will stop mining if it hits anything lower than 5600
not gonna happen
There is no 6.8k if it bounces. We close at a higher low then reversal is confirmed and money on the sides from ppl who actually know what they are doing enters.
Maybe a few crypto neets will expect a pull back and sell but they are a small number of ppl who will just get left behind.
No one will ever stop mining you autistic cunt, its just a meme. You think they massive organisations that spend millions of dollars to mine bitcoin will just stop completely because the price falls below a certain level.
Did you just pull 5600 out of your ass? Ive heard about 10 different price predictions about the same shit.
lmao you think one more higher low will just re-start the bull market. Please cunt just shut up if you don't know what you're talking about.
Actually yes. Reason being that the 6.4k target gets exponentially harder for bears to break. They already ran out of steam. If we close above 10k at all in the nesr future its over and uptrend is maintained on long term frames.
lay off the hopium my friend
Im not forecasting im stating support and resistance. If you dont know yet, the harder the resistance, means if it gets broken it becomes massive support and triggers buying also. Why do you think 6k has been so hard to break the past 6 months? Because 6k was the last resistence before btc went parabolic in december.
the worse part is, 3k isnt the bottom. if 6k breaks we're headed to 400usd. I know that sounds insane but thats the return to meme. It'd be another 5 years for BTC to even hit back to 7k. Crypto will literally become like stocks now that regulation an wallstreet are here.
IM NOT FUCKING SELLING
Reee but I wasn’t supposed to lose mums pocket money.
i literally just panic dumped everything. gonna buy back at $1.2k maybe , if i feel like it, fuck all of you fucking nigger cunts
>BTC will drop over 98% from its ATH
$400 will literally never happen outside the scenario where BTC is completely abandoned you absolute brainlet. That is far, FAR below mining profitability in even the shittiest, most dirt cheap to mine places in the world. Price memory of $20,000 will also prohibit this - people will definitely scoop up BTC long before $400.
well, thanks for the information
>mining expenses determine the price
who gives a fuck about fiat
It wont go to $4k because once it hits $4.001K I will live in my car and put everything into crypto. /s
No way this is ever going down. Literally billions sitting waiting on it to hit certain price points to buy in. Those days are long gone.
this, kek
Not true, chinese miners have said they're willing to mine BTC at a loss for a good time.
This is absolutely retarded.
If the price were that low people like me would be wanting to buy large amounts.
So much that there might not be enough people who want to sell at that price.
Meaning that sellers could ask for a higher price and as a buyer we would pay it.
It sounds like you are very stupid because you do not understand how a market works.
Price isn't just a magical number you retarded nigger. And I hope this is a troll and people posting arnt actually this ignorant.
>/s
you need to go back you absolute faggot
You're a retard if you don't see this shit crashing down to 3kish I sold yesterday
Oh fucking hell im about to buy another whole bitcoin