Nice and Kind Vic's avatar
Nice and Kind Vic vic@cornychat.com 1 month ago
Bitcoin now down about 48% from its all time high set in December 2024 as measured in ounces of gold. 2 Year Chart image 5 Year Chart image Expecting another 25-30% down from here.

Replies (9)

Nice and Kind Vic's avatar
Nice and Kind Vic vic@cornychat.com 1 month ago
A combination. I think the bottom will be around 12 to 15 ounces of gold to be reached sometime next year. We could see that with any of these scenarios ... - Gold rising to 6750 and Bitcoin staying stagnant - Bitcoin declining to 61000 and Gold staying stagnant - Gold rising to 4500, and Bitcoin declining to 67500 - Gold rising to 4800, and Bitcoin declining to 57600 - Gold dropping under 3900, and Bitcoin declining to 57999
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Sourcenode's avatar
Sourcenode sourcenode@nostrplebs.com 1 month ago
Interesting. This is the main chart I look at and without a doubt it looks like shit right now. Are you mainly basing these expectations on the technical setup?
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