I think we are in a downward period of chop, consolidation and accumulation until mid Fall. Then we climb. This is stacking time
Discussion
Agreed but autumn is just around the corner. tick-tock...
Yep time for stacking is now. Do you think we return to these levels next bear ?
Bitcoin always makes a fool out of everyone, so “no/yes”
An 80% drop from 250k is 50k
If we go by historic data and if we assume that we'll get a 80% retracement from the top and taking into account that the last cycles high tends to be the next cycles low then we'd assume that Bitcoins low should be around 55-65k after the bull run. But a lot is changing with the SoV Saylor talk and with legacy finance's desire to turn Bitcoin into a commodity traded as a paper asset.