In this idea i want to present how i personally see the price of BTC to behave especially after the abc retracement and alt season. Price will of course behave much differently than of what is shown on the chart, also from the time perspective. The main purpose of this is to show that this bear market can last much longer and get MUCH deeper.
Usually btc is expected to eventually correct down into the 13-15k, which would be the normal 85% correction from its ATH, but..... i know you gonna hate what i am about to say ...
Right now it is absurd to think btc can see 2.5k at one point in time, but let me tell you this... btc has never experienced REAL stock bear market. Usually during the btc bear markets, the stock market went sideways more or less, then up again as btc went on the bull run. Dow is expected to collapse below 2008 financial crisis (explained in previous ideas abot DJI) like it did in 1929 where it went below 1921 bottom (now days 2008). Till then it is yet to be seen what will happen to crypto if all this is to play out in the future. I would personally see this as the best investment opportunity of our lifetime.
Stay safe.
I am not a financial advisor so non of this should be taken as a financial advise.
BTCUSD
Usually btc is expected to eventually correct down into the 13-15k, which would be the normal 85% correction from its ATH, but..... i know you gonna hate what i am about to say ...
Right now it is absurd to think btc can see 2.5k at one point in time, but let me tell you this... btc has never experienced REAL stock bear market. Usually during the btc bear markets, the stock market went sideways more or less, then up again as btc went on the bull run. Dow is expected to collapse below 2008 financial crisis (explained in previous ideas abot DJI) like it did in 1929 where it went below 1921 bottom (now days 2008). Till then it is yet to be seen what will happen to crypto if all this is to play out in the future. I would personally see this as the best investment opportunity of our lifetime.
Stay safe.
I am not a financial advisor so non of this should be taken as a financial advise.
BTCUSD
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Chart from FORD, simmilar to what could happen to btc.
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..and btc
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Another reason why such a great crash is because btc has finished its 2nd super cycle started in 2015 from $164 and is almost the same length as the previous one from 2011-2013 ($0.02-$1100). This super cycle was a stretched out version of the 1st one.
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Next super cycle can take up to 24 years if the first one took 2 years and the second one 6. Lengthening cycles and diminishing returns.
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I i've realised i've left out one super cycle so i've postet seperate idea about that today.