Long Haul - BTC the Phoenix
This beast just keeps coming alive but it doesn't look like BTC is finished it's cycle. IF history was to repeat, hold on to your seats. We are 4 months into a bear market but remember March 2013? Maybe not... I think we will have a similar repeat. From march till August it looked ugly, just as it is now since mid December. However, it was quickly after when BTC hit all time highs again.
If history repeats we have BTC going over 40k, but that same history shows a major crash will always follow. If that crash continues now and we don't climb to 40k. Expect a bottom out around 4k to 5k. Some say lower, but I doubt it. If the crash happens after 40k then I predict a long bear market down to 9k to 10k.
This is simply for my public record. Not to be taken as financial device.
I'm looking forward to reading this again in 2 years.
If history repeats we have BTC going over 40k, but that same history shows a major crash will always follow. If that crash continues now and we don't climb to 40k. Expect a bottom out around 4k to 5k. Some say lower, but I doubt it. If the crash happens after 40k then I predict a long bear market down to 9k to 10k.
This is simply for my public record. Not to be taken as financial device.
I'm looking forward to reading this again in 2 years.
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.