Lowest price for #BTC
Generally the bullmarket only produces a drop of around 30% for bitcoin back to the moving averages, which would take us to around $9000
But as things look uncertain over the next 9 months if we were to go maximum drawdown, The pressure would take us around $5700-$6000. This seems like an unlikely scenario however we must consider it during this Global climate. UK going in lockdown on Thursday, talks of more lockdowns after the election in the US and this is after parts of Europe is currently in lockdown.
This would be a long Term view 2021
But as things look uncertain over the next 9 months if we were to go maximum drawdown, The pressure would take us around $5700-$6000. This seems like an unlikely scenario however we must consider it during this Global climate. UK going in lockdown on Thursday, talks of more lockdowns after the election in the US and this is after parts of Europe is currently in lockdown.
This would be a long Term view 2021
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