Bitcoin bottom projection from 82% from projected top

19 maj 2022This bitcoin cycle is a combination of the last 2 cycles but didn't hit the projected peak. Bitcoin dropped 86% and 84% in the last 2 cycles. The projection is bitcoin will fall 82% this cycle but not from the peak but from the projected peak of between 100,000 and 135,000. Bitcoin will bottom at worst between 23,500 and 18,500 not considering a Covid-19 black swan event.

19 maj 2022

Komentarz

The current low of ~25K would be 75%-80% down from projected high. The low may be in. Sideways action with some dips are to be expected. Best plan is to dollar cost average in over the next 6-8 months. Put in extra on dips.