What makes u think the target will be 7000? I am being told and I have read multiple times that a previous ATH from a previous cycle will not be seen again. This would mean we will not go below 20k usd. Any thoughts about this?
@cloudsunrise, They call it chart reading or market price action analytics. this is a science or a knowledge.
taktip
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@AnonymousJoker, First of all thank you for sharing your idea. well honestly there is not any certain idea and prediction about any market. what I have learnt from these markets is that there is nothing impossible. anything might happens. the market orientation right now is bearish and I don't see any solid fundamental reason for Bitcoin to raise up. unless another big institution or another Elon Musk or even the same guy manipulates the market as he did pretty well before, so he pumped and then he dumped. currently that's the most possible prediction which is forming, so don't you think that we can rely on that or at least we can become ready for another crash. so I will wait for a weekly breakout to play safe.
Avanstee
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@AnonymousJoker, this is generally talk happening in the midst of the Bull run. Optimism galore!
Looking at the trend and comparing it to previous super cycles, I have to agree with @taktip. We are going lower. I am not expecting 7k, but rather 19k (around previous ATH). However, keep your options open and follow the charts.
taktip
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@Avanstee, Thanks for sharing your idea with us. if you ask me, I'd say ultimately Bitcoin is bullish and these are some short term consolidations and corrections.
CryptoBitcoinFunk
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@taktip Bitcoin itself it’s a solid fundamental. But until humans understand we might all be dead by then.
taktip
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@CryptoBitcoinFunk,Thank you for your comment and support, I totally agree with your thought. Actually I've been waiting for the right time to go long on cryptos.