He thought it was meme

no we've not seen the bottom yet that will be around 3.5k

The chart isn't meant to be taken 1:1 literally you braindead simps, it's simply a rought drawing of market stages, particularly the dead cat bounce from the peak, and then the double or triple bounce against the bottom to ensure we've found the floor. And we clearly have at 5.7-6.5k, depending on exchange, wick, etc. And fyi you don't always have to return to the mean after the drop, many coins enter accumulation stage at a much higher price than before the bubble. If we were to return to the mean, ETH would have to go back to like $90, not going to happen because the mkt cap is way too high. Lern to market psychology you slapdicks

>it could NEVER happen! Too low!

People said that 1:1 about every dip. 10k? No chance in hell. We are refueling. Hahaha 6k? are you a retard? 4k????

Prepare your anus and pull out while you still have time.

Bro I don't remember the exact values but the February bottom was a gigantic wick, which closed at around 6.1k which is where we are now. It bounced back to the trendline.

I don't want to say it cant go lower, it can well touch 4k, but it will bounce back to the trendline in the short term again. If one were to disregard a fucking long term triple bottom on a chart, then that person is probably the type to not believe in TA, in which case the OP meme chart should hold no relevance to them in the first fucking place anyway, so why are we having this thread then?

assumptions and hype, just like its price

*blocks your path*

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damn, too close. I'm so tempted to sell n go back to robinhood or betterment

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>thinking bitcoin goes below its production cost of 4,5k

jesus biz really is riddled with retards and brainlets

the production cost is 7k and we are already below it, lmao

biz really is riddled with permabulls and redditors

not everyone is an amerimutt like you retard, you have to take the global average and weight in their % contribution to the total net

If bitcoin goes below production cost, people shut down rigs, difficulty drops and there's less machines guessing the magic number, so production cost drops. There is no magic miner number holding up the price.

The big farms won't close down without trying to reverse

And the market is clearly still between complacency and denial, with people calling reversals and new bullruns and truly believing their shitcoins will bounce back. There's still 6k to drop.

BTC has died how many fucking times now?
Every year, anons say, this time, it's dead
We know it
Theres no way it's coming back
And then amazingly, WOW, it comes back
EVERY FUCKING YEAR
OVER AND OVER AND OVER AGAIN
Since 2009, people have been saying this
and they're wrong. EVERY YEAR
You think this year is different?
Ok. You're wrong. Again. Just like they were.

>past performance = number will always go back up !!
Being this braindead

bullrun soon

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Wrong. We haven't entered the panic phase yet.

You don't realize what BTC is, do you?
It's not about past performance.
It's what is going to happen soon.

why do you think this?

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youtube.com/watch?v=-hlN2nel5HI

Looks like it's the time ;_;

Why? Posts like these

i would say that we are in anger

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>just briefly dipped down to $6.1k on Bitfinex

youtube.com/watch?v=eQwBAfJXz7Y

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you genuinely believe that?
you think, honestly, that BTC is dying?
lmao

I'm not sure, but I'm too close of my initial.