Bitcoin price 220824

3 months ago

Watching the price of Bitcoin is a wild ride, one day it's up, the next it's down.

https://www.bitget.com/trading-bot/spot/BTCUSDT

It's like trying to predict the weather. BTC doesn't behave like a calm stable asset until you zoom out and see that all these tiny movements up and down are small compared to the big moves... It's like looking at the Mountains from a distance, you don't get caught up in the individual rocks and trees, you see the whole range and the wider view gives you perspective.

IMG SRC: Banff Adventures

Just like mountain ranges,

https://bitcointicker.co/stamp/btc/usd/AllTime/

the all time chart (plus the mirrored side) have peaks and valleys.

https://www.coingecko.com/en/coins/bitcoin

You can see them on the daily chart too, the lows, and the highs. Like the cycles of rain and drought, capital flowing in is like a refreshing rain shower. The price like the water level rises to nourish all.

And as the rain slows the water flows downhill carving out like the landscape taking the path of least resistance through valleys of price support. Like the water the price slides down the mountain seeking its natural level, and as investors take profits the pools where this water is found are drained. Eventually rain returns to replenish the reservoirs and lakes like capital flowing back in.

https://www.bitget.com/trading-bot/spot/BTCUSDT

Prices rise again like the water level rises, and the cycle repeats. Like watching stormclouds pass, each candle is a record of the price movements during that period of time. Zoom in, or zoom out.

Today it looks like you can get 0.001 BTC for about $60 plus fees. Here in Canada that's about $83 plus fees so around $100 CAD might get you nearly 0.001 BTC, but I will need to find out.