BitcoinShort
Bitcoin Final Blowout $10k
For all you Diamond Hands, get ready for some more downward price action. China's actions to stop mining, transactions, transfers and other Bitcoin/Crypto activity will likely move into other Asian/European nations as well. The IRS is now starting to require reporting of Crypto transactions over 10k. Guess what that means, the part is over.
The enthusiasm phase has busted and we are very likely looking as a long downward transition toward more realistic valuations. My estimate is 10k as the near-term bottom.
Yell at me all you want, but this is a BUST cycle for Cryptos (and likely other assets). HODL all you want if you are willing to risk another 60% to 80% of your assets.
Good luck.
The enthusiasm phase has busted and we are very likely looking as a long downward transition toward more realistic valuations. My estimate is 10k as the near-term bottom.
Yell at me all you want, but this is a BUST cycle for Cryptos (and likely other assets). HODL all you want if you are willing to risk another 60% to 80% of your assets.
Good luck.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.