I was eyeballing mid 50s on btc for the retracement and $1400ish for eth. I've been in the space for 10 years plus and even though there's institutional money now I still see the cycle following roughly the same timeline. I think currently the geo political climate is propping up the price of cryptos across the board a bit but if/when everything settles down with Iran and the BS domestically we will see a huge drop in price. I'm currently holding short positions on both and am up a few money but not as much as I expected. Still a form believer in the cycle but not sure where it will bottom out. What are your thoughts?
What your take on this cycles bottom for btc/eth?
byu/PVKT inCryptoCurrency
Posted by PVKT
9 Comments
I don’t know about ETH but thinking mid 40s for BTC as absolute bottom and this would be generous from the previous cycles losing 75-80% value.
My thoughts is the reverse, I think once things settles down [US<>Iran conflict] that is when the bullrun will begin.
I think the bottom is already in.
I think the bottom is already in.
30-40k. Unless mstr implodes, which is unlikely for next couple years but possible.
If we actually hit those levels, the same people asking for them will probably be too scared to buy. That’s just how it goes.
Bottom is in
I don’t think we go any lower than what we’ve done. It was already over a 50% drop from ath
I am buying at around 60 or late July. I think the rise starts earlier this cycle. The cycle is understood well enough that people will try and buy a little early causing everything to speed up