I agree with Matt, but 58k is the inevitable bottom of the next bear market.
Dread it.
Run from it.
Destiny arrives all the same.
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I'm still waiting on 12k, like I was assured would happen. π€·π
that would be fun. Imagine all the treasury company's that get rekt. FTX will look like a child's birthday party against the next bear.
Just like the bottom 2 years ago, 58K will be an absolute gift.
58k gang will shine one more time and be remembered for the eternity
Agreed.
IMHO: no way 58k is the
bottom; it will be somewhere near 100k, maybe not for sure this cycle, but for sure for the next one
The memetic gravity is simply too strong
I hope so π₯²
Or this
or this
58k gang forever
I disagree. $250k bear bottom likely.
Who is Matt ? :p
Wouldnβt surprise meβ¦ anyone who doesnβt expect $58K Gang to make a comeback it is just tempting fate π
$58k is deep down there. What brings it so deep, Hodl? Or are Mattβs reasons what sinks us so low?
Yeah, gonna be brutal
100K BOTTOM IS A BULLTARDED CALL. 58K ALL DAY
WE WERE AT 58K LESS THAN A YEAR AGO π€£ I SENSE MUCH GREED
HFSP
How dare you predict such filth, that is hate speech!
Better off just saying you haven no idea and neither does anyone else.
I REMEMBER LAUGHING ON TWATTER AT THE FOLKS CALLING 12K. IT WENT TO 16K AND THEY SAT ON THEIR ASSES & CALLED US STUPID WHILE WE STACKED GENERATIONAL WEALTH. OOPSY!
Whereβs the fun in that?
240>58>1mi
I can be wrong keep stacking every way possible
They'll get it at the price they deserve π€·
$1M back to $58k will be painful, but necessary.
58k will be to the next bear as 10k was to the last. Many will wait for it, but it will never come.
This
Do you agree with @ODELL that we are currently in a bull cycle?
2021 top was 68k. We are at 108k over 4 years later. Roughly a 50% gain over 4 years.
Ok. Not bad. Decent. Just edging out inflation which is a positive!
Not a fucking bull cycle by any metric though.
Or are we doing copium math where we measure from the absolute bottom and the flash crash wick downs?
I'll be buying at 58k. π«‘
Bring 21K and thanks to the π
I think weβre maybe at the very beginning of a bull run
We used to say that one day, bitcoin will move more like the stock market as larger players enter and they rebalance allocations. Longer grinds up, less frenzy.
We might well be there.
I'm not an investor or trader of any consequence. I'm just an average Joe, so I reserve the right to change my mind whenever I like π
When do you expect this bottom?
Not until after you see things get really crazy which I donβt even think weβve seen much of yet. Letβs say weβre at 5% I wouldnβt expect it until 12-18 months after weβve hit 100% on this bubble
I know you donβt prescribe to the power law model (yet), but itβs not out of the question even tho I donβt think we will go that low
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Whatβs the top price for that date?
There isnβt one.
The power law model just projects the trend line (fair price), understanding that it can be below or above depending on market conditions (bull vs bear market).
The bottom price is an estimate that Giovanni created from historical data, which has held up really well. I think the only time it went below it momentarily was in March 2020.
As for movements above the trend line, itβs really educated guesses based on previous bull phasesβ standard deviation moves.
the inflow of institutional and biz money is so great that they will buy everything which declined more than 30% in 2025.
A bear market of 65-75% down is not likely.
Yes please
Disagree.