RE: Bitcoin price 120824

I always compare btc with s&p500, because when markets fall, btc falls with them. It's not as it used to be in first few years when btc was a hedge. Now (specially now, when big part it is managed by BlackRock, who just cares for trading fees) bitcoin is in same position as a stock index, where 3-5 stocks take 99% of all USD in whole index. In btc, whales have over 90% power over whole btc. There is only 1,8% whales, and they manage the price. like it or not, that's where we are. If you are asking, where btc price will go? You should look at bond market, and how people usually react. US bonds will fall in next few months. Which is not anything positive. But those who think they know the market, will fall into this trap, and "buy the dip". Including BTC. So I think, BTC will have its last hooray up to around 80-85k. And after that major fall, together will stock market. I think stock market will fall at least 40%. Btc is usually double of what stock market is doing, so...do the math.