Worst case scenario for BTC right now is the long awaited medium term correction after a bounce to around 60k.
No need to panic right now.
Also, a range at this level in BTC would be very profitable for alts. I think alts have still one leg up before the medium term correction (6 months?) and then a continuation of the massive bull run already ongoing...
The medium term correction would validate the lengthening cycle and logarithmic channel theory, bringing the end of the bull run around end of 2022.
If we brake above 65K in BTC after the bounce, then we can expect to follow the 4 years halving theory and the end of the bull run by the end of 2021.
No need to panic right now.
Also, a range at this level in BTC would be very profitable for alts. I think alts have still one leg up before the medium term correction (6 months?) and then a continuation of the massive bull run already ongoing...
The medium term correction would validate the lengthening cycle and logarithmic channel theory, bringing the end of the bull run around end of 2022.
If we brake above 65K in BTC after the bounce, then we can expect to follow the 4 years halving theory and the end of the bull run by the end of 2021.