if you are someone like Warren Buffet or Elon Musk or any market makers who bought BTC under 10k and sold it 40k, 50k, or even 69k right ,think it with your self , why shouldn't buy again at 10k ??? BTC after every ATH takes 1 year rest and correct it's price more that 80% and it's worth to buy again ,guys just be patient and every moment that u see price about 10k go all in BTC
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19k is key level for btc and future gap can push the price up but can't change the trend ,I except price goes higher trend line and then continue drop till 10k
Actually none of the big money buying now bought it at 10k. Michael Saylor was amongst the first and Microstrategy is at an average in the mid 20s. Tesla didn't buy until 30k. All the big money has bought at this level, a lot of other billionaire investors who came in, Kevin O'Leary, plenty of athletes and millionaire celebrities, ETFs and bonds, countries buying, etc. etc. - it's not going below that, stop looking to past cycles for the future, this is a different market now and BTC/crypto has become a new level of asset.
theshawon
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Also apply some logic to this chart you posted, there was a 50,000%+ move and a 20,000%+ move, which were followed by -85% drops. So why would a mere 2000% gain this time cause the same drop? The answer is it won't, we never got a parabolic blow off top, so there is no need to have a big extended bear bottom. We've already bottomed, ~55% is enough of a drop for the gains we made.
@theshawon you say its a different market now and still hoping for a blow off top like in the past? get real dude, there is no money flowing into btc the next months.
CiceroVip
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@Ben_vouh, why? Can you explain to us the god economist 😂
theshawon
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@Ben_vouh, where did i say i'm hoping for a blow off top? read my comment carefully, i said we DID NOT get one, so no need for a big bear market, not that we are still expecting one soon. i'm saying markets are different now, no bull or bear cycles like the past ones.