It seems it will definitely drop to 30,000
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K线人生飞哥
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Why do I think the bottom of this bear market for BTC is around 60,000???
Looking at $BTC , the peak of this bull market is actually not very different from the peak of the bull market in 2021. The only difference is that this time BTC has repeatedly lured in buyers at the top, but from a monthly perspective, there isn't much difference, which is a normal performance since history doesn't simply repeat itself.
Now let's take a look at the performance of the bear market. In the bear market of 2022, BTC fell to 15,000, and in the 2017 bull market peak, it was 20,000 USD. After breaking the peak of the previous bull market, it dropped to 15,000. Therefore, it is likely that in this bear market, BTC will also break the peak of the previous bull market, which is 70,000 USD. However, after breaking the peak, the drop won't be too large, so estimating that it will bottom out around 60,000 USD is a reasonable valuation.
Of course, many people will think I am being overly cautious, but I believe that this industry is growing larger and larger, and we cannot view the current market with the traditional thinking that the bear market will drop by 90%. Anyway, my personal plan is to start buying when BTC falls below 70,000 and to continue adding positions when it falls below 60,000.
Looking at $BTC , the peak of this bull market is actually not very different from the peak of the bull market in 2021. The only difference is that this time BTC has repeatedly lured in buyers at the top, but from a monthly perspective, there isn't much difference, which is a normal performance since history doesn't simply repeat itself.
Now let's take a look at the performance of the bear market. In the bear market of 2022, BTC fell to 15,000, and in the 2017 bull market peak, it was 20,000 USD. After breaking the peak of the previous bull market, it dropped to 15,000. Therefore, it is likely that in this bear market, BTC will also break the peak of the previous bull market, which is 70,000 USD. However, after breaking the peak, the drop won't be too large, so estimating that it will bottom out around 60,000 USD is a reasonable valuation.
Of course, many people will think I am being overly cautious, but I believe that this industry is growing larger and larger, and we cannot view the current market with the traditional thinking that the bear market will drop by 90%. Anyway, my personal plan is to start buying when BTC falls below 70,000 and to continue adding positions when it falls below 60,000.
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