I believe that the current run up to $7800 is pricing bitcoin a little too high. I say this because my fundamental value algo is saying the price floor is $4750. If we hit the price floor like we did in February again we are looking at a 40% loss. I believe $6000 is a reasonable entry point. Now is the time to sell and make our profits!!
My website explains my fundamental method:
https://www.amsinger.org/fundamental-method
At rare points in bitcoin history has the price fallen below price floor, and those points were OPTIMAL entry points.
Many Thanks,
Aaron
Massively questionable, the hash rate would have to reach 100 exahashes to support a 10k bitcoin.... I do not see that happening anytime soon. Check out my site to see the current Fundamental Price Floor:
https://www.amsinger.org/subscriber-data