Bear lovers have come out saying bitcoins will drop hard to $1600-$1800 before the next uptrend to $4000.
Those bears will get skinned alive DiCaprio style.
Why?
1. There's not enough time before 1st of August for a mass drop.
If it was to happen, it would have done it already.
At most we will see $2000 lows. Market has already factored in the Segway and it's rolling up the hill.
2. It's not a repeat of a previous cycle. Fundamentals are different.
3. Too much FOMO from new money entering the market.
4. Too much good news about new tech using blockchain.
In reality, this is all talk based on charts that you can't rely on.
Crypto is unknown territory, you can do all the TA you want, but in the end it is based on your gut.
If this is all wrong, well then hey, we all get to pick up some cheap btc before the next bull run :)
Those bears will get skinned alive DiCaprio style.
Why?
1. There's not enough time before 1st of August for a mass drop.
If it was to happen, it would have done it already.
At most we will see $2000 lows. Market has already factored in the Segway and it's rolling up the hill.
2. It's not a repeat of a previous cycle. Fundamentals are different.
3. Too much FOMO from new money entering the market.
4. Too much good news about new tech using blockchain.
In reality, this is all talk based on charts that you can't rely on.
Crypto is unknown territory, you can do all the TA you want, but in the end it is based on your gut.
If this is all wrong, well then hey, we all get to pick up some cheap btc before the next bull run :)