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Short Term Holder Realized Cost support broke (Patreon)

Published:
2024-06-23 15:03:27
Imported:
2026-06
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Content

Bitcoin is now teetering at the crucial support level of $63800 - now 64K.

Dropping below this threshold indicates a potential 8%-12% correction towards $60K.

I'm a buyer at $60K for a long-term end times bag (insurance).

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Comments

DigitalRengade

A correction is good right now, people are looking for buying opportunities. The choppiness higher in the range wasn't taking us anywhere. An attractive price point might just get this rally going again

ivoryjudo

Not buying a thing ATM im good. i see more fear.. not me.

3324

Wake me up when September ends

Kp monty

Looks like back into bear market territory. So much for the etfs. Just used by wallstreet to continue price manipulation

firewings20220
>>141639702

Very unpopular opinion in this community. But exactly what I think during last weeks. On charts I don't see so far what's different from the last cycle when we started nosedive. But maybe bear will be shorter

Ben

We are just following similar trends from previous bulls. Likely a summer lull before another leg up starting either in aug or sept, assuming no black swan. ETFs 4xed the BTC price fair value. Blaming manipulation is not healthy, market will always have "manipulation", get BTC will still have crazy long term gains. Relax peoplr

Kp monty
>>141648654

A. Clear hedge funds have used etfs to manipulate market B. Nothing guaranteed about btc hitting new aths. Price suppression, if allowed to continue unfettered, will have negative impact on both blockchain security and adoption

rkcrypto

On Derbit, max pain for open interest is 57k for Thu Jun 28. 57k or thereabouts would be a gift. Double bottom from may and the 200d. Probability we hit that on the nose is low, but I’m placing my bets we head lower next week. Numerous headwinds for BTC. I have my cash ready to deploy into miners and possibly MSTR and SMLR.

TheGlennimal Cryptoblondje

I DON'T CARE - I'M BUYING LIKE A CRAZY BULLISH DUTCHMAN. THIS IS NOTHING COMPARED TO $8 SOL. PS: sorry for the caps, BUT YOU NEED TO UNDERSTAND THIS PROPERLY 😂🙏 WE ARE NOT SELLING!!!!!! LFG. BULLS UNITE. DEAD TO ALL BEARS! THIS IS THE MOST CRAZY S-CURVE THAT WE PROBABLY WILL LIVE THROUGH. CHECK YOURSELF, BEFORE YOU REK YOURSELF. BUY MORE, SILLY INVESTORSSSSSS. SCARED MONEY DON'T MAKE MONEY🚀🚀🚀🚀🦖🦖🦖🦖🦖🥂🥂🥂🥂

Inside Job

Just flipped my eth for sol. Probably should have done a long time a go but the conversion was the highest since I was tracking. Plus the staking % is better than eth.

m4rio
>>141657892

I am tracking this all the time as well, but didn’t want to swap two weeks before 8 largest corporations start accumulating ETH

402nate

Please more bearish lettuce hands whining !!! Please more capitulation!!! I love it! Once everyone in this room gives up we will move straight up

Kip

Hold. A reality check however- BTC is the most easily manipulated vehicle ever allowed on an exchange. The scarcity is a double-edged sword. Blackrock alone could purchase every BTC all day everyday. This isn’t going to be a slow boat ride to $1 million. Sit down. Strap in. Shut up.