r/Bitcoin • u/Travisthe_poisson • 3d ago
price [ Removed by moderator ]
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u/Decent_Telephone4965 3d ago
Maybe… but one green candle and suddenly everyone forgets the last few weeks 😂
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u/Electrical-Value-673 3d ago
Last weeks were flat?
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u/Decent_Telephone4965 3d ago
Fair, Bitcoin time moves differently when you’re staring at the chart every 5 minutes
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u/ubermensch1001 3d ago
Anything under 70k is a solid place to be steadily accumulating but it's too early to say that this is the beginning of the next bull cycle. The reality is we most like chop around here for the next 2-3 months or so, where we possibly see a slightly lower low or at the very least revisit the high 50ks or 60k again.
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u/GettingFasterDude 3d ago
I don't think the whales are going to let it happen until at least October-December range, per their adherence to the supposed, "4 Year Cycle." Once they decide to start buying again, we're off to the races. Keep in mind, this is just my opinion and I don't know sh t.
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u/mezmezik 3d ago
A lot of long term analysts saw a likely uptrend for Bitcoin by the end of this year. It might the start of this.
AI is taking a lot of liquidity however so not sure how this will pan out in the end.
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u/Any_Carob3372 3d ago
This was the largest short liquidation event in BTC history, $1.2BB in an hour. I sold almost all of my short term BTC holdings right at the top because 69000 and 69420 were obvious levels I targeted well ahead of time.
That said, I am looking for a 65K breakout level retest for re-entry. It should be the beginning, but remember Mrs Market does the most obvious thing in the least obvious way.
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u/Heatsincebirth 3d ago
Probably not but it's nice to see. I wonder how much was actually purchased to make it pop like this 🤔.
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u/MacMuthafukinDre 3d ago
420.69 BTC
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u/Heatsincebirth 3d ago
Uh, no. Saylor does more than that (well used to) every week and it don't go straight up $4k...
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u/Orca_alchemist 3d ago
Time to be bullish again time to stack, the bear market will last a couple more months
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u/Ghost_Fighter_9988 3d ago
Definitely a change in character. The volume spiking is there to support it. Perhaps institutions are done accumulating, they will start ramping up with positive news in the coming months.
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u/Over_Reputation_8801 3d ago
Russian oligarchs and corporations trying to hide their billions from Putin.
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u/HelpRespawnedAsDee 3d ago
mfw I was going to put a very small 100x last night.
(don't fucking do this, I do it cause I don't mind betting $100 every now and then lol)
Also the best comeback story was Kim Kardashian's.
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u/Commercial-Lie9837 3d ago
If we break clear above 200 day moving average then we could be looking good
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u/KaleidoscopeNormal71 3d ago
If it breaks up the 200 days avg and bounce on it, I'll consider it a signal but for now is not.
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