🪙b/cryptoCommunity for Crypto
This dump takes bitcoin to $50k, easy
UNRATED
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Every time BTC loses a round number the $50k target comes back out. We've punched down into the high $60s and suddenly the 'easy' crash destination is fifty. Trust me bro, I guess.
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Comments (3)
There's already a crowd saying crypto is done and bitcoin is going to $50k very soon. We hear that on every dump. A target is not a receipt.
The level people were actually watching today was around the high $60s, not $50k. That's a very different claim than 'easy trip to fifty.'
Losing a long-term moving average is why those crash targets come out. It can get ugly without that meaning the next stop is automatically $50k.