48
I am fascinated by the fact that people still believe Bitcoin will fall below 20,000$, it's currently stagnating essentially with a small dip today but it's quite obvious that the lows are pretty much done for. What we had was a massive correction and while the price may stay between 30,000$ and 40,000$ what comes after is most likely massive gains.It is obviously impossible to predict how markets will move but using simple logic will easily tell you that after a downtrend that sent BTC down by more than 50% from it's all time high... it's pretty likely that it will have a comeback at some point. And that might not be now, or next month, but through my research and general analysis data I've come to the conclusion that by the end of the year the price should at the very least near the highs it was at during it's ATH, if not even further, from the way BTC has always trended upwards just like the entire market. Here's an analysis article I thought was interesting if anyones into that stuff - here. Now I am as always not an expert I just like to share my logical thinking with others and people I've talked to all seem to say the same thing, BTC will get there it's just a matter of time, no one can predict the time period because it's just hard to do but knowing that an asset might triple in it's price soon sure does beat having to get lucky on day trading or other almost gambling like options. And one last thing, if you're thinking of investing into BTC right now, don't invest everything you have. If it triples soon that is awesome and it's gains, might not be as much but it's gains. On the other hand if it does by some miracle fall all the way down to 10K-20K you'll still have a part of what you wanted to put in and that can then grow to 10X or 5X, netting you an even bigger gain. Thanks for reading I hope you enjoyed it!
