BTC Bitcoin Hypothetical floor levels and possible reversal.
I just wanted to get this out there. FOLLOW the GRAY line indicating probable price movement I drew 3 weeks ago. It's just my opinion based on sentiment and cycle. I think we will eventually wick down to $24-27K and immediately retrace to form new highs by mid-late summer. Below 20K is possible but not probable because I think cheap money will come back. Fed hasn't taper just yet thus this bearish tone is still speculative in nature. IMO we should break 30K to release the hope of newbie owners and punish the latecomers. The market will do what it's expected but not in our timeline or expected ways.
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