Not anytime soon. At least not a move like that. We usually drop 80% after every bull run so 69K high let’s round up to 70K. That’s around 17K bottom. That would be the norm. I’m not saying we are going there, just that would be the norm historically. Last time we bottomed at 3K so 17K would be a long term much higher low as 3K was to just below $200 in 2015 the prior bottom.
Wild card now we have real heavy inflation and other geopolitical issues. So who knows but it’s definitely possible.
You are viewing a single comment's thread from:
I think the flight to BTC isn't about geopolitical issues but more about safety. Just like how the stock market sells stocks to get cash, crypto people flock to BTC when things are tough.
Posted Using LeoFinance Beta
Bitcoin is the safest, Makes sense.