200-week moving average: 63,500-64,000 USD. In 2015, 2018, and 2022—three times it was touched, all were bottoms.
The fourth time is here.
Around 63,000, 515,000 BTC worth of orders have piled up—accounting for 3% of the total supply. If this level breaks, there’s no volume underneath to hold it up—but who would want it to break?
ETFs have had net inflows for 8 straight days totaling over $1 billion. BlackRock alone took 81%. A “whale” added 46,420 BTC over 60 days. Retail is cutting losses, while institutions are accumulating.
Now, BTC bought at 63,000 is in the same category of position as in 2015 when it was at $166, in 2018 at $3,189, and in 2022 at $15,473. Buying near the 200-week moving average has never resulted in losses historically.
No one can guarantee you’ll buy the absolute bottom, but BTC at 63,000, if you hold for a few years, is likely to be a floor.
Let others be fearful; let me be greedy.
When BTC returns to 100,000, you’ll thank yourself for having the nerve to act today.
The fourth time is here.
Around 63,000, 515,000 BTC worth of orders have piled up—accounting for 3% of the total supply. If this level breaks, there’s no volume underneath to hold it up—but who would want it to break?
ETFs have had net inflows for 8 straight days totaling over $1 billion. BlackRock alone took 81%. A “whale” added 46,420 BTC over 60 days. Retail is cutting losses, while institutions are accumulating.
Now, BTC bought at 63,000 is in the same category of position as in 2015 when it was at $166, in 2018 at $3,189, and in 2022 at $15,473. Buying near the 200-week moving average has never resulted in losses historically.
No one can guarantee you’ll buy the absolute bottom, but BTC at 63,000, if you hold for a few years, is likely to be a floor.
Let others be fearful; let me be greedy.
When BTC returns to 100,000, you’ll thank yourself for having the nerve to act today.