BTC has not yet reached any serious support. It looks like it should drop to the 3000 level, before the halving.
It will then be pumped up to 8,000 + after the halving, before dropping sharply as miners dump to recover from their mining losses.
This situation is major because once miner profitability drops sharply, rational actors will leave for a more profitable chain.
This will cause the theoretic chain death spiral, which is a vicious cycle where a chain dies.
I expect BTC to drop to $3,000, when this happens BitCoin SV will likely drop over 60% in value as it dumps harder than everything else.
This move could present buying targets between 20-50$ prices. Major fire sale. Get in on the real Bitcoin, as Satoshi envisioned.
TIP ;) :
Craig really is Satoshi, he will be dumping masses of BTC this year. Only one chain will survive the storm.
It will then be pumped up to 8,000 + after the halving, before dropping sharply as miners dump to recover from their mining losses.
This situation is major because once miner profitability drops sharply, rational actors will leave for a more profitable chain.
This will cause the theoretic chain death spiral, which is a vicious cycle where a chain dies.
I expect BTC to drop to $3,000, when this happens BitCoin SV will likely drop over 60% in value as it dumps harder than everything else.
This move could present buying targets between 20-50$ prices. Major fire sale. Get in on the real Bitcoin, as Satoshi envisioned.
TIP ;) :
Craig really is Satoshi, he will be dumping masses of BTC this year. Only one chain will survive the storm.
