Maybe my timeline is a bit off on some of the news but ,it's simply a mental note for me to remember where big companies bought in.
So let's say from the previous high bitcoin sells off 50% that splits square recent investment in half and it goes back to December where both square and bitcoin bought all the freshly mined bitcoin.
Bitcoin historically on big sell offs 30% or more rallies back 100% or more, no confirmation that this sell-off is done but 50% down is where we have some big money invested.
I think in between 30k and 50k it's supported and will be bought up.
I'm not investing in bitcoin but analysis is important for general out look of crypto and I am buying various crypto projects.
I'm thinking worst case 50% on a selloff back to sq and pypl buys and rally back to the highs * This is worst case scenario which I find a bit unrealistic. Only way these levels get wiped out is if those companies sell and stop buying in between those levels.
I believe bitcoin within the next 3-4 months will make a move towards 100k and then we can get that big 50% as most likely funds would sell if they no longer see value ,only to rebuy where they first bought.
*Forgot to put in that Tsla buy date too but as I said mental note for me as to who and what is where.
So let's say from the previous high bitcoin sells off 50% that splits square recent investment in half and it goes back to December where both square and bitcoin bought all the freshly mined bitcoin.
Bitcoin historically on big sell offs 30% or more rallies back 100% or more, no confirmation that this sell-off is done but 50% down is where we have some big money invested.
I think in between 30k and 50k it's supported and will be bought up.
I'm not investing in bitcoin but analysis is important for general out look of crypto and I am buying various crypto projects.
I'm thinking worst case 50% on a selloff back to sq and pypl buys and rally back to the highs * This is worst case scenario which I find a bit unrealistic. Only way these levels get wiped out is if those companies sell and stop buying in between those levels.
I believe bitcoin within the next 3-4 months will make a move towards 100k and then we can get that big 50% as most likely funds would sell if they no longer see value ,only to rebuy where they first bought.
*Forgot to put in that Tsla buy date too but as I said mental note for me as to who and what is where.
