wow Could you imagine... if bitcoin went down to $5000 ??!! It seems so crazy because we are used to these current prices as the norm, but i see a rising trendline dating back 5 years that could support a strong bounce at $5,000 if things got bad enough. If the global economy enters into a recession, and markets get bad enough, anything is possible so its important to keep an open mind. Everyone wants to see BTC goto $75k, $100k, etc and to the moon, but we clearly are in a downtrend now and anything is possible. There are of course several key levels i would expect investors to salivate to buy at before we ever got to $5,000 : BTC 20k, BTC 13k , etc before we ever got there, but just like to point out some ideas and thoughts. Markets surprise everyone.
To be clear, im not calling for BTC 5k, just pointing out some potential scenarios
Note this doesnt include full price history, since binance listed BTC around the $2000 level, but u can see this trendline on the coinbase and bitstamp charts aswell
To be clear, im not calling for BTC 5k, just pointing out some potential scenarios
Note this doesnt include full price history, since binance listed BTC around the $2000 level, but u can see this trendline on the coinbase and bitstamp charts aswell
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