BTC Long Term - How Bear can it Be? Is Below 1000 Possible?
I have been trying to compare BTC chart to other stocks for the last couple of days.
As far as I have seen it is not likely for BTC to go below 1000 USD, however when it comes to a market as manipulative as BTC we know that everything is possible. If we go below 1000 USD, which again I think is not likely, the bear market can expand more than we expect.
Here is the scenario where the consolidation can take place for a longer time than expected.
This scenario keeps us stuck with 3k's for the whole 2019 year...
I am not a bear at heart but I have to be cautious so I am really focused on the bear scenarios.
PS: I really do like bitcoin
As far as I have seen it is not likely for BTC to go below 1000 USD, however when it comes to a market as manipulative as BTC we know that everything is possible. If we go below 1000 USD, which again I think is not likely, the bear market can expand more than we expect.
Here is the scenario where the consolidation can take place for a longer time than expected.
This scenario keeps us stuck with 3k's for the whole 2019 year...
I am not a bear at heart but I have to be cautious so I am really focused on the bear scenarios.
PS: I really do like bitcoin
Pigs Get Slaughtered.
Whales will tend to buy all the bitcoins without public getting aware of this.
Under 1000 USD will be news everywhere, and public will be willing to take to risk to buy bitcoin under 1000, without caring if it drops to 100 usd or under.
Just a basic mentality...
1800 is my last point...