The idea as simple, all movements on the chart.
This year will be really bearish, probably we gonna bottom out only under 4k area (2k-3k), as we all remember the Fed reserve BTCs real value 1.8k.
For now all my targets goes to 6666 btc price, btc loves that price and bounced already twice near that zone, after 3rd bounce the 4th hit in that support it won't sustain.
Now we go 6.666k > June 8-9k > July under 4-5k
Under 5k is quite simple, and one reason we gonna see it, as during the gold history the production cost price was pierced hardly that lead to mining companys meltdown, where the strongest survive. As btc is digital gold (Gold of future, the future leading to our unslavement) also must reduce weak hands mining companys from the market, before next bullrun. Only strong hands will survive. So dont lambo dream to early guyz!
*thx @digitaly @ethered @thetrex for idea
This year will be really bearish, probably we gonna bottom out only under 4k area (2k-3k), as we all remember the Fed reserve BTCs real value 1.8k.
For now all my targets goes to 6666 btc price, btc loves that price and bounced already twice near that zone, after 3rd bounce the 4th hit in that support it won't sustain.
Now we go 6.666k > June 8-9k > July under 4-5k
Under 5k is quite simple, and one reason we gonna see it, as during the gold history the production cost price was pierced hardly that lead to mining companys meltdown, where the strongest survive. As btc is digital gold (Gold of future, the future leading to our unslavement) also must reduce weak hands mining companys from the market, before next bullrun. Only strong hands will survive. So dont lambo dream to early guyz!
*thx @digitaly @ethered @thetrex for idea