Here's my idea of how this may shake out. The first run up and back down to its low lost 82%. The second run up lost 74%. This run up is currently down 56%. Not predicting the future but if the past is any indication we could see a turn around in the 11-18k range around November. The difficult part is trying to imagine how high it goes from there and how long. I think this latest runup was people's stimulus and covid money and a lot of it has vanished. So, does the next runup go above $65k or do the peaks keep getting lower and lower until it hits $0 and the next generation of suckers come in?
** Do not trade this advice, just my thoughts
** Do not trade this advice, just my thoughts