From historical data, there is 80% of correction from past All time highs to bottoms from which new bull runs started. In this bull run, we have yet touched to the bottom if history repeats itself.
If you simply look at the price chart, the next station for Bitcoin in case it continues falling is around $15,000 to $13,000. Combine it with past records and monthly RSI, it seems that we are possibly around the bottom. Anyway, please don't exclude the scenario that Bitcoin will drop more (RSI shows its possibility too).
I meant there is possibility for around 60% drop from $38,000 in upcoming months but there is another possibility that we already found a bottom.
In future, when less Bitcoin is left for Bitcoin future supply (for miners to mine and get from block rewards), I am sure that there will be bigger hype around future halvings. Fundamentally, I see positive future for Bitcoin.
Currently, it is fine if you are greedy when others are fearful.
If you simply look at the price chart, the next station for Bitcoin in case it continues falling is around $15,000 to $13,000. Combine it with past records and monthly RSI, it seems that we are possibly around the bottom. Anyway, please don't exclude the scenario that Bitcoin will drop more (RSI shows its possibility too).
I meant there is possibility for around 60% drop from $38,000 in upcoming months but there is another possibility that we already found a bottom.
In future, when less Bitcoin is left for Bitcoin future supply (for miners to mine and get from block rewards), I am sure that there will be bigger hype around future halvings. Fundamentally, I see positive future for Bitcoin.
Currently, it is fine if you are greedy when others are fearful.
we better be selling right now or suffer the loss. but there could also be the supercycle that they are claiming might happen. is this just for them to give hope that holders not sell?
the pattern seem very good to follow actually and halving correlated with it. its a solid plan to just move to USD when its really uncertain where this market flow. the moment it goes up, someone will also shout a bulltrap.
