Patience may be all that is needed
Bitcoin is up more than 100% in the last 12 months
Bitcoin bottomed last year, around this same time of year ironically.
Since that time it is up more than 100%.
Check it out:
(Source: https://x.com/BTC_Archive/status/1832473616333545684/photo/1)
Given this backdrop, it is possible that all that is needed right now is some good ol fashioned patience.
If we have anything remotely similar we could see bitcoin trading north of $100k within the next 6 months or so.
Seems hard to fathom right now but that chart setup is there for sure.
Need a Trump win probably though.
"Love seeing this kind of momentum in Bitcoin! 🚀💰 What are your thoughts on the potential for it to reach $100k+ within the next 6 months? Can we get a discussion going and hear some community perspectives? 😄 Would love to see some of your favorite charts or data visualizations that might support or contradict this idea!"
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There is a lot of money trapped in the miners stock as they have been a complete disaster and some have been sold and shorted to levels lower than when bitcoin was $25k. Miners that I purchased a year ago are underwater. And because of the terrible summer of bitcoin lethargy, many miners have found themselves dilluting the stocks to keep going. So bitcoin is bad, the miners are very very bad. And that contributes to the spiral of bearishness that is thick now.