Bitcoin Will Not Hit $11,300, That Would Require A 84% Drop!

Just because Bitcoin hit a new low recently below $20,000 and it has been through a strong bear market people think that it can go to $11K.

This is impossible.

Bitcoin can't never go to $11,000, this would require a drop of more or less 84% from the All-Time High. (See below...)

The bottom is a process.

It takes weeks for it to fully form.

The low has been hit already.

Here you can find a full analysis as to how this bear market will end and how the next bull market will turn:

Thanks a lot for the continued support.

Namaste.

P.S. HOW TO PROTECT YOUR BITCOIN

You can use your Bitcoins to buy Altcoins while Bitcoin continue with its correction.
As the Altcoins grow, the smaller cap. ones, your Bitcoin increases.

You can later sell Altcoins back to Bitcoin when Bitcoin goes up.
You get more Bitcoins at a higher value.

It is a way to protect your Bitcoin as the correction continues.
It is only a correction and it will be over soon.

Comment:

BITCOIN WILL RECOVER

It is a failed argument to say that people will not buy Bitcoin.

It fails because that is not the way the system works.

Cryptocurrency opponents can say that people are not going to buy Bitcoin because of the hard times, because the markets are crashing, because of war, problems with the international supply chain of different products as well as general sociopolitical instability brewing all around us.

So, the trolls would say, people will not buy Bitcoin, it will continue to drop forever because there is no money from the populace to buy and pump Bitcoin up.

It is a failed argument because the people doesn't necessarily affect Bitcoin's price.

"The people" is obviously an important factor but only one of hundreds of variables that are always afecting the market.

The movement starts with the ultra-smart money, in this case the top market insiders.

The exchanges, the miners, the big corporations, developers and project owners; these are the initial buyers.

Large players, whales, countries, instutions and the likes follow...

Bitcoin is going up now but this phase can still take years.

After years, Bitcoin goes back to its previous all-time high (say around mid/late 2024), and that is when the people will start to pay attention once again to Bitcoin and start buying up.

We say Bitcoin will go up very soon...

It is normal to go from the worst ever to good, it is the only way possible that it works.

The market only recovers after it hits bottom.

Always when at the bottom, it is the worst.

It doesn't matter what the current market sentiment is.
It doesn't matter what the news are saying or what one believes is happening or what is going on.

Bitcoin will recovery...
It will take a while...
But it will grow for years to come.

Namaste.

Comment:

See some of our previous bear market predictions for the Altcoins.

Let me know what you think...

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Cardano's Bear Run

Solana's Bear Run

Ethereum's Bear Run

Bitcoin's Bear Run

Binance Coin Bear Run

Terra's Bear Run

Polkadot's Bear Run

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Comment:

One last article... (Visit my profile for new ones + Altcoins)

Before $300,000 - $500,000 Bitcoin Hits $20,000 to $11,300...