It sure looks to me like we are in for another 2018-2020 bear market. Strap in and accumulate for the next 1008 days. It might go higher in the short term but I think the market will go through its cycle again, and sometime after May 12th 2024's halving we will see another big price rise. I remember imagining this scenario back then and suspecting it would probably hit 60k and fall down to 30k again, before it goes to 100k+. Now we are in Altcoin season again for sure and I feel a lot better about hodling Hive/HBD than BTC/ETH right now. These are just my personal opinions. I hope it goes higher but if it falls I will be buying.
From Nov 28 2013 to Jan 16 2015 BTC went -81.89% and a similar drop has occurred already this year. Just like clockwork, BTC fell -52.23% to around 30k. If it is determined to fall -81% that could take us down to $10,651.29.
RE: BTC/USDT Chart Analysis