Hey everyone,
As I said on my last TA and a few comments, we got our retracement of 20%, that’s it- there’s no 40-50% retracement coming in the immediate short term, and we’re heading to 39,900 in the immediate short term, than within the next 2 months to 50K.
For those trying to find comparisons to 2017, this is nothing like 2017. Instead compare to 2013 and you’ll see our trends are very similar.
I think a lot of people are sitting on the sidelines posting comments and videos of how BTC will have a 50-80% retrace waiting for an entry point that’ll never come because they simply do not understand bitcoin is UNDERVALUED against USD. These same people said 15k we’ll have a significant retrace, and the same at 18k, 20k, etc.
USD’s inflation is out of control, and BTC’s scarcity is heightening at a manic pace, you than compare 2013 to now, and also insert the institutional support moving fast, BTC being taken off exchanges, I’m expecting a 300% increase this year, but when compared to USD that’s simultaneously inflating, my price target EOY is 800,000 - 1.2 million a bitcoin, call me crazy now, when it happens I’ll say I told you so.
As I said on my last TA and a few comments, we got our retracement of 20%, that’s it- there’s no 40-50% retracement coming in the immediate short term, and we’re heading to 39,900 in the immediate short term, than within the next 2 months to 50K.
For those trying to find comparisons to 2017, this is nothing like 2017. Instead compare to 2013 and you’ll see our trends are very similar.
I think a lot of people are sitting on the sidelines posting comments and videos of how BTC will have a 50-80% retrace waiting for an entry point that’ll never come because they simply do not understand bitcoin is UNDERVALUED against USD. These same people said 15k we’ll have a significant retrace, and the same at 18k, 20k, etc.
USD’s inflation is out of control, and BTC’s scarcity is heightening at a manic pace, you than compare 2013 to now, and also insert the institutional support moving fast, BTC being taken off exchanges, I’m expecting a 300% increase this year, but when compared to USD that’s simultaneously inflating, my price target EOY is 800,000 - 1.2 million a bitcoin, call me crazy now, when it happens I’ll say I told you so.
