Bitcoin: The Wizard of Oz and the Ledger of Nothing

u/dmelt253 · Reddit — r/FluentInFinance · February 10, 2026 at 19:45 | View on Reddit ↗

AI Summary

Expects Bitcoin to fall further toward ~$35K based on historical drawdown patterns and plans to buy back then.

BTC — AVOID The author expects Bitcoin's decline to continue, based on historical patterns where bottoms occur near 25% of all-time highs and take more than a year to develop. They plan to buy back at approximately $35,000, implying current prices are unattractive.

Not even close. Historically the bottom is closer to 25% the ATH and takes more than a year to get there. This is just the beginning and I frankly can't wait to buy back in at ~$35K

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Ideas

u/dmelt253 Reddit r/FluentInFinance

Bitcoin to fall further; buy near $35K

The author expects Bitcoin's decline to continue, based on historical patterns where bottoms occur near 25% of all-time highs and take more than a year to develop. They plan to buy back at approximately $35,000, implying current prices are unattractive.

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This Reddit post, published February 10, 2026, features u/dmelt253 discussing BTC. 1 trade idea extracted by AI with direction and confidence scoring.

Speakers: u/dmelt253 · Tickers: BTC