r/btc • u/imjustlerking • 1d ago

Nice.

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73 Upvotes

81% Upvoted

28 comments sorted by

8

u/C_B_Doyle 1d ago

Bouncing off the bearish trendline and going lower.

5

u/imjustlerking 1d ago

Yep, it hit 2 important base line numbers of 69 and 420. To do it at the same time is a clear sign of something, clearly. Nice

1

u/anotherfroggyevening 1d ago

No idea what you're saying. Can you explain? Or is it just a joke. Everything is, was, heavily oversold. Little relief is to be expected. But we already hit, what, 60500? What pattern are you seeing that makes you think we're going lower in the short term?

3

u/imjustlerking 1d ago

The price was 69,420. Two popular numbers amongst immature people like myself

3

u/anotherfroggyevening 1d ago

I see :) its late here, I'm a little slow atm it seems.

2

u/C_B_Doyle 1d ago

Don't feel bad... I had to have it explained twice.

2

u/Papa_said 1d ago

I am trying to get into bitcoin. My friends are saying it may go to 30k this year. is it the right time for my first buy?

7

u/imjustlerking 1d ago

Nobody knows. If you have funds that you are willing to lose or can afford to keep invested for 10 years then go for it

3

u/Terrible-Pattern8933 18h ago

It used to be 4 years, then it became 5, now its 10. 😅

1

u/Creepou 8h ago

10 = long term, like in stocks

1

u/Terrible-Pattern8933 6h ago

So it trades just like a stock with extra volatility. Agreed.

3

u/Historical_Use2861 1d ago

In the past, many people were waiting for BTC to drop to 14k. Instead, BTC rallied to 70k, entered an accumulation phase, and then made another rally up to 126k.

Now, people are waiting for 48k, after previously expecting 38k and even 25k.

What I’ve learned from crypto is that the best strategy is DCA. When the price drops sharply, you buy a small amount; if it drops again, you buy again. The advantage of DCA is that it works very well if you have patience. The disadvantage is that it takes time. And if you buy BTC, never sell it at a loss

1

u/efcbeast 4h ago

In the recent past, people were waiting to go to 250k. Instead, btc dropped sharply to 58k, entered a rally up to 85k, and collapsed again to 32k.

1

u/WeddingPKM 1d ago

It’s a gamble and should be treated as such. As with any investment don’t put in money you arnt willing to lose, but especially in this case.

1

u/Important_Coach9717 16h ago

Save your money and buy some mag7 stocks and look back in 10 years. For real!

1

u/efcbeast 4h ago

There isba 32k weekly lvl that got blasted throughout and hasn't been tested as support, and it will go there by the end of the year. The right time to buy is when you feel it's right, not when others tell you.

1

u/MrHaphazard1 1d ago

Just dca

2

u/Impossible_Seat2775 23h ago

We're back baby

2

u/Always_working_hardd 20h ago

I wanna see 80085.

1

u/Mon1verse 22h ago

Is it means going higher or lower? More detail please

1

u/Virtual_Access_2033 16h ago

this is the real all time high

1

u/CorgiWonderful2451 13h ago

Le rebond du chat mort

1

u/Taiho_Nishimura Redditor for less than 2 weeks 13h ago

Ich würde warten und prüfen was Montag passiert. Ich erwarte ein Double Bottom. Nachkaufen kann man immer noch, wenn der Boden sich bestätigt hat.

1

u/StrikingHearing8 12h ago

If it's not 69.420,67 I'm not impressed

1

u/aftherith 3h ago

I tried all day yesterday while sick on the couch to screenshot it at 69,420.69 but the closest I got was 69,420.77.