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⚠️Bull market or bull shit, black swan event or re-landing?

The previous article has warned that the general trend of Bitcoin is over, especially for those air coins. It is recommended to stop losses in time and do not have any illusions.

But is Bitcoin really irreversible? King Chiujiu doesn’t think so. It’s just a temporary correction. It may be cut in half or it may fall to the bottom. But no matter how you talk about Bitcoin, in terms of macroeconomics and historical cycles, it is far from the end. , still has extremely strong vitality and still has strong and broad prospects! Next, let’s take a look at the history of Bitcoin.

Bitcoin's second halving on July 9, 2016 "The Battle of Rivers and Undercurrents" After three years of bear market, everyone still has doubts about this market. We stumbled into the second halving of Bitcoin. At this time, the price of Bitcoin was around US$650. What everyone did not expect was that with all the benefits after the halving, Bitcoin actually rose from US$650 to US$19,800. All kinds of altcoins are skyrocketing like crazy, and the whole market feels like a bunch of demons dancing around.

However, with the withdrawal of domestic exchanges in the "94 Incident" in 2017, and the vigorous crackdown on ICOs by relevant departments in early 2018, this bull market has no choice but to come to its end. In the continuous decline for several years, Bitcoin fell from 19,800 US dollars to about 3,000 US dollars. This time the decline once again reached 85%. 90% of altcoins almost returned to zero, and all altcoin holders in the entire market were bloodbathed.

Judging from the current general trend, Bitcoin still needs a correction, and a larger correction is needed, so the black swan event may land again. This is not impossible! King Chiujiu predicts that if Bitcoin falls, it will be reduced to about 5.5w in about 10 days. If some emergencies occur during this period, it may become a trigger and cause a rapid decline. It is expected to drop to about 4.8w. And what will happen to those altcoins? They will only fall harder! So again, don’t have any illusions, stop losses in time, leave the market in an orderly manner, and don’t step on it!