My charts have the 200MA at 83k and the 50MA at 73k. My TA shows the bull trap at 84k from a decades long fib retracement. Could it run up to 100k? Sure, anything is possible. Is the narrative, global macro, MSTR capitulating that they can't generate revenue to pay fiat dividends, so now they have to sell BTC when they spent 5 years saying "don't ever sell your bitcoin" bullish? Not a chance in Haiti. There's no narrative that pumps it a day sooner than the cycle bottom in Q4...and even then, it looks bleak, IMHO. Lower.
O/U on what it does when it touches the 200MA @ ~82k? I'll take the under.
I dont understand. 200w is about 60k. I should have said over since we did. I think we still have upside. You?
My charts have the 200MA at 83k and the 50MA at 73k. My TA shows the bull trap at 84k from a decades long fib retracement. Could it run up to 100k? Sure, anything is possible. Is the narrative, global macro, MSTR capitulating that they can't generate revenue to pay fiat dividends, so now they have to sell BTC when they spent 5 years saying "don't ever sell your bitcoin" bullish? Not a chance in Haiti. There's no narrative that pumps it a day sooner than the cycle bottom in Q4...and even then, it looks bleak, IMHO. Lower.