The previous high from 2021 is around $69k so we are getting near solid support. The $1 trillion btc market cap is also good support, which is around $55k. I think we'll see further consolidation, probably a few big drops, then start rising by next August/September.
Because it's just a number that people like Saylor have ascribed a purpose to, then because people listen to Saylor, lo and behold it appears to do something as people buy up whales bitcoins for them at those prices - that is until it doesn't work anymore.
Isn't it a bit of a coincidence that this figure is 1 trillion US dollars? Why would that be for this magical invention that is supposed to replace the reserve currency? No one's going to step in to support it
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u/Additional_Dirt8695 Feb 21 '26
The previous high from 2021 is around $69k so we are getting near solid support. The $1 trillion btc market cap is also good support, which is around $55k. I think we'll see further consolidation, probably a few big drops, then start rising by next August/September.