Hello, my first idea here. 😁
Now we are -55% from ~70K top, in the previous cycles, the bottom was -80%.
If we drop -80%, we can go to 13K. But this cycle can be different from previous, because players and environment are also different.
If the BTC is starting to behave like commodities like gold, it can not erase gains from past times without a strong motivation for that.
Lets see how it plays out.
PS. In large time-frames we can make some assumptions about trends and where it can go. But this is a very random environment, so please make a plan that covers both directions of the market.
Now we are -55% from ~70K top, in the previous cycles, the bottom was -80%.
If we drop -80%, we can go to 13K. But this cycle can be different from previous, because players and environment are also different.
If the BTC is starting to behave like commodities like gold, it can not erase gains from past times without a strong motivation for that.
Lets see how it plays out.
PS. In large time-frames we can make some assumptions about trends and where it can go. But this is a very random environment, so please make a plan that covers both directions of the market.