Hello there. Firstly I apologise. I accidentally posted the previous post twice. I had to edit this post. I found it more appropriate to add a BTC/USDT chart rather than an empty post 😀
Chart weekly. Especially for those who follow long-term. Hopefully we'll see the $60,000 level again soon. See you in new posts.
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Thank you. Of course, we don't know where it will go. But we follow the price.
It sure looks to me like we are in for another 2018-2020 bear market. Strap in and accumulate for the next 1008 days. It might go higher in the short term but I think the market will go through its cycle again, and sometime after May 12th 2024's halving we will see another big price rise. I remember imagining this scenario back then and suspecting it would probably hit 60k and fall down to 30k again, before it goes to 100k+. Now we are in Altcoin season again for sure and I feel a lot better about hodling Hive/HBD than BTC/ETH right now. These are just my personal opinions. I hope it goes higher but if it falls I will be buying.
From Nov 28 2013 to Jan 16 2015 BTC went -81.89% and a similar drop has occurred already this year. Just like clockwork, BTC fell -52.23% to around 30k. If it is determined to fall -81% that could take us down to $10,651.29.
You are right. Most people agree that it is in a downtrend. However, there has been some recovery in recent weeks. But that too could be a trap for sale. Bitcoin moves in cycles. Absolutely. I also have a $20,000 goal. Let's follow.
