Bitcoin has historically shown an 85% drawn down from ATH's.
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BEARISH / Short
- Currently @ $17k, BTC will drawn down another 40% to meet $10k BTC.
- Has NOT met the full 85 % draw down
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BULLISH / Long
Buy orders are in for a $10.2k BTC price.
- need to see the full 85% draw down
- V Bottom Recovery
- 30 Day sideways market
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Will we ever meet a $475k #BITCOIN Price before 2026?
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4500% (45x) from $10.2k
$1,000 = $45,000
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==============================
Bull or Bear?
comment Below
==============================
BEARISH / Short
- Currently @ $17k, BTC will drawn down another 40% to meet $10k BTC.
- Has NOT met the full 85 % draw down
==============================
BULLISH / Long
Buy orders are in for a $10.2k BTC price.
- need to see the full 85% draw down
- V Bottom Recovery
- 30 Day sideways market
==============================
==============================
Will we ever meet a $475k #BITCOIN Price before 2026?
==============================
4500% (45x) from $10.2k
$1,000 = $45,000
==============================
==============================
Bull or Bear?
comment Below
Note
$475k (BTC) - 85% = $70k (BTC)-(((475000 * 85) / 100) - 475000) = $71,250
85% Drawn Down from $475k BITCOIN is ROUGHLY about $70k (2021 ATH)
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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.