Two whales are currently attracting a lot of attention due to interest in BTC. Strategy's average purchase price is around $76,000. Binance also created a $1B fund for BTC purchases, and has so far purchased $200 million worth of BTC.
We're currently trading at attractive levels for purchase.
As I indicated earlier, the decline to the 74k mark occurred.
At the moment, I think that BTC can reach 100k no earlier than the summer of 2026.
Since the 2021 ATH, the price has seen a maximum decline of 77%. Since the 2017 ATH, the maximum decline has been 83%. From the current ATH, a 75% decline would bring the price to $28k.
#phoibos
Phoibos
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$BTC
On CME the month has closed.
I expect the following approximate range for December (101,500-77,500). I'm open to the possibility of a 74k low.
3:55PM (UTC+4) - The Big Debate: Bitcoin vs. Tokenized Gold with CZ and Peter Schiff (https://cf-workers-proxy-exu.pages.dev/square/audio?id=32944434973097)
See full Binance Blockchain Week agenda here (https://www.binanceblockchainweek.com/event/f9827cbe-16f8-478a-bc06-f4e8b783ae54/agenda)
It will be interesting to watch the debate and see what Schiff will use 😀😀😀😀
My condolences to those who bought around 100,000. Congratulations to everyone who reads phoibos's analysis. If you're interested, you can reread my analytical posts from October. Link
Support - which will likely pay off. We need to calm the fear. I'm not looking too high.
All eyes are on the potential weekly and monthly breakouts. In the medium term, I don't think we should expect a break above 101,500.