Can Bitcoin retrace back to $2000 in 12-18 months? Anything is possible when you're talking about cryptocurrencies. 😳
This is my most bearish chart I've ever created... 📈 📉
I've been staring at this "Macro" Bitcoin chart for a while and all I can say what a bull run we had since 2015.
If Bitcoin can go from $150 in 2015 to the highs of $20,000 in 2017 (2 shorts years)... a huge retracement and washout can happen at anytime. 🙇
When zooming out on the charts, it really sure does seem that Bitcoin is still way over-valued at it's current price of $7,000 from where it was in the past.
I'm not saying that we are heading to the lows of $2,000 in 12-18 months but "something" is saying that Bitcoin and the whole Cryptocurrency markets can easily go back to these levels. 📊
In the meantime, Bitcoin and Cryptos can still be bullish before the halvening and still reach over $10,000+ and another huge correction right after but who knows. 🤷♂️
The "Moon Boys" are going to be really pissed after reading this post but in reality, what if it does come true.... Only Time Will Tell.
Yes, I'm still bullish on Bitcoin... in the long term 2-5 years.
Maybe I just wrote this post to scare the shit out of people so that I can buy Bitcoin much cheaper later down the road. 😂😅😂😅
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~ Charles Fuchs
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