000000000000I don't think $BTC will go below 5k anytime soon...
A healthy retracement is nice, the bulls need to catch a breather... IMHO BTC will not go below the 5k mark. Why? you may ask. There's is basically no valid TA in my chart. Just an apparently arbitrary fibonacci retracement tool randomly placed.
Well, the fact that in the last climb there wasn't enough bloodshed in alts makes me think that new fiat came in. All thanks to our beloved and respected *cough* *sarcarsm* *cough* jamie dimon and every other entity FUDing and mumbling nonsense about the chaintech, so it has reached the ears and eyes of people who where unaware of bitcoin and company, thus making them feel interested.
This is absolute speculation, but hey! the market is speculation.
Remember always DYOR (Do Your Own Research), this is by no means financial advice.
Well, the fact that in the last climb there wasn't enough bloodshed in alts makes me think that new fiat came in. All thanks to our beloved and respected *cough* *sarcarsm* *cough* jamie dimon and every other entity FUDing and mumbling nonsense about the chaintech, so it has reached the ears and eyes of people who where unaware of bitcoin and company, thus making them feel interested.
This is absolute speculation, but hey! the market is speculation.
Remember always DYOR (Do Your Own Research), this is by no means financial advice.