Bitcoin Will Never Go Below 50K, Before August 2024

13 Ağu

This was the mantra "out-there," in the public sphere. General wisdom was calling for Bitcoin never moving below $50,000 and people started to doubt.

Sure enough Bitcoin crashed and easily wicked below $50,000 and hit $49,000 on the 5th of August. It dropped by a massive $21,000 in the short period of just seven days, amazing.

Now, there is a new mantra and that mantra goes like this, "The correction is over!" That's ok but if you repeat it long enough people will start to doubt again, and that's also ok.

It doesn't matter what "people" do or think, it doesn't matter what the general public believes. What really matters is you as an individual, as a human being and living soul.

Financial speculators love to say that is impossible to predict the future. That it is impossible to know what is going to happen and that everything in life is random, even the coming and going of the sun, the days, the seasons, the everything not random in life, in nature. And so, everything is actually cyclic and highly predictable, nothing is random in this life.

So they say that it is impossible to predict anything let alone the future and yet claim "Bitcoin cannot drop again." Please, explain to me, how does that make any sense?

If it is impossible to predict the future, then how can they say with such force and certainty that the correction is over? How can anybody say that Bitcoin cannot move lower if the future is impossible to predict?

Now, consider this: The people that are saying that Bitcoin can't move any lower were the same people saying that Bitcoin would never hit below 50K. Bitcoin did hit below 50K so these people were either lying or wrong. Since they truly believe that the future cannot be predicted, we can humbly assume that they were wrong. But we thought Bitcoin was moving lower and Bitcoin moved lower exactly as shown by the chart.

This is the situation in which we find ourselves in once more today: A group of people that is saying nothing is certain is at the same time saying that it is 100% certain that Bitcoin will not drop again.

Another entity is saying "Bitcoin is going down." Not based on some random philosophical belief, but based on what the chart says... Which one is it going to be?

Lower low before a new high?
Or next toward 100K?

This is such an easy one that I am tempted to answer right away... Bitcoin is going down!

Thank you for reading.

Namaste.