I am sure,soon many they are going to hate me but I am not here to receive followers or people whom are going to love me.
My target is to post my opinion with as much more honest way is possible.
And i say honest because all we know that in cryptos, emotions are taking place often and many times, unfortunately those emotions are driving to loses.
I am seeing Bear Era.
I am seeing Bear Market until End of 2023 Start of 2024.
I am seeing to range of price which i am looking to buy Bitcoin for the next bull cycle.
I am not seeing Bitcoin to reach easily 100k, even for the next bull cycle.
This post is for people who are looking to buy Bitcoin as an Investment in LONG TERM.
My expectations:
I am watching two price ranges
22k - 26k 10k - 13k
Those are the areas I am looking to buy Bitcoin like crazy.
What it makes me to believe that is very possible to see those prices?
Two very Important Historical Bitcoin Data.
The first is the cycles of Bitcoin Halving. (More details in our Chart) This data is mentioning correction of 82.7% approximately, in each cycle. This data is mentioning correction at the levels of 10k-13k
The second data is the historical Fibonnaci Golden Ration Area. This date it calls corrections of more than 70% approximately in each bear cycle. This data is mentioning correction at the levels betwen 22k-26k.
Many they ask me and many they will ask me. How much possibilities you are giving to see those prices in the nearest future.
I will answer to this...
When we call crash and correction from 64k, I said that exist possibility to see more than 50% correction for bitcoin. I also said that this correction can extend to more than 70% in the process. I also said that I am more than 80% sure that we will see those types of correction. The first correction (50%) already done. I am expecting the second one and I am saying that we will complete this correction with 70% to 83% before we will see the next bull cycle.
Now I am answering again and i say...I am more than 85% sure, that we will see more than 70% correction from the All time Highs.