You are probably wandering HOW FAR WILL BTC FALL ?? WHERE WILL IT STOP ?
Or as the name of a classic HISTORICAL movie "QUO VADIS ?"
There's some HISTORICAL FACT to give us the answer.
The previous bottom was at about 3500 $ while the MAXIMUM stood at 19,197 $.
Thus THE RATIO of
MAXIMUM / MINIMUM = 5.485
As the present MAXIMUM was 66,000 $ dividing it by the above RATIO gives the
PROJECTED MINIMUM = 12,033 $
This is again a conservative estimate, that UNDERESTIMATES the DELEVERAGING of the MARKET.
As we all know the post-corona economy has received HUGE STIMULUS resulting now in strong DELEVERAGING, and RETURN TO BASE.
As to historical analysis - Remember, those that don't learn from HISTORY are bound to repeat it.
Or as the name of a classic HISTORICAL movie "QUO VADIS ?"
There's some HISTORICAL FACT to give us the answer.
The previous bottom was at about 3500 $ while the MAXIMUM stood at 19,197 $.
Thus THE RATIO of
MAXIMUM / MINIMUM = 5.485
As the present MAXIMUM was 66,000 $ dividing it by the above RATIO gives the
PROJECTED MINIMUM = 12,033 $
This is again a conservative estimate, that UNDERESTIMATES the DELEVERAGING of the MARKET.
As we all know the post-corona economy has received HUGE STIMULUS resulting now in strong DELEVERAGING, and RETURN TO BASE.
As to historical analysis - Remember, those that don't learn from HISTORY are bound to repeat it.