- 18% drop recently has caused many people into panic.
- The feeling from 69k drop to 55k is not so nice.
- But Bitcoin will get to 200k don't worry.
- It's time to stay back a little bit and see what the lesson should be learnt from here.
200k is in play.
- The first wave of this bull-run fuelled by Covid 2020 crash. The parabolic curve was so similar to the first wave of 2013-2014 bull-run (BTC went from $2 to $246 =123x). It was definitely oversold. And the retracement was as brutal as the pump (BTC dumped from $246 to $40 approx -80%, imagine that if you invested $10,000 at this local top and sold at $40 bottom you got $1,600 left). After that BTC went from $40 to $1,200 another 30x).
- As I draw the curve above, I believe the second wave of current bull-run is going to be insane (which is only 4x from here but in term of market capitalization and altcoins, OMG).
- The 2017 bull-run seems to be mild than this one (only 1 parabolic curve only),
- So hold your BTC and altcoins tight for this rollercoaster.
NFA.
- The feeling from 69k drop to 55k is not so nice.
- But Bitcoin will get to 200k don't worry.
- It's time to stay back a little bit and see what the lesson should be learnt from here.
200k is in play.
- The first wave of this bull-run fuelled by Covid 2020 crash. The parabolic curve was so similar to the first wave of 2013-2014 bull-run (BTC went from $2 to $246 =123x). It was definitely oversold. And the retracement was as brutal as the pump (BTC dumped from $246 to $40 approx -80%, imagine that if you invested $10,000 at this local top and sold at $40 bottom you got $1,600 left). After that BTC went from $40 to $1,200 another 30x).
- As I draw the curve above, I believe the second wave of current bull-run is going to be insane (which is only 4x from here but in term of market capitalization and altcoins, OMG).
- The 2017 bull-run seems to be mild than this one (only 1 parabolic curve only),
- So hold your BTC and altcoins tight for this rollercoaster.
NFA.