BTC - my main Chart
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Hello, here´s an overview of my 2 main scenarios im basing most of my trades on.
Crypto either has another bullrun (the last one for sure before bubble popping) after testing the 10-14k support area
or the bubble is popping already and the 2020/2021 bullrun was indeed the last one.
Targets for my Bull sceanrio is ~100k USD in 2024/25 after the next halving.
Targets for bubble burst would be ~1300 USD.
Fundamentaly im bearish on Crypto as it only has few niche usecases at best.
BTC isnt scaleable and wont go anywhere because of this, its not the future of money.
What is left, is a Pump and Dump without a working product which has real world usecases.
Crypto is 99.9% scams and cant be taken serious at all, its burning tons of electricity for Ponzis/Pump and Dumps.
I personally am very skeptic if we see another bullrun but this market is anything but rational, so i guess it would be a possibility.
I give it a 20-30% chance for another bullrun. My main scenario is that we are on the way to under 2k per BTC .
A break of the green Curve would confirm to me that the bubble is bursting, if it holds we will see another bullrun.
Know this risk if you plan to buy at 10k and "bet" on another run, Btc could basically always drop another 90%.
Its just a matter of time this house of cards will collapse epically and the past drops is the recent months will be a joke to what may still be ahead. (Tether being not fully backed for example)
Be careful out there and DYOR.
Crypto either has another bullrun (the last one for sure before bubble popping) after testing the 10-14k support area
or the bubble is popping already and the 2020/2021 bullrun was indeed the last one.
Targets for my Bull sceanrio is ~100k USD in 2024/25 after the next halving.
Targets for bubble burst would be ~1300 USD.
Fundamentaly im bearish on Crypto as it only has few niche usecases at best.
BTC isnt scaleable and wont go anywhere because of this, its not the future of money.
What is left, is a Pump and Dump without a working product which has real world usecases.
Crypto is 99.9% scams and cant be taken serious at all, its burning tons of electricity for Ponzis/Pump and Dumps.
I personally am very skeptic if we see another bullrun but this market is anything but rational, so i guess it would be a possibility.
I give it a 20-30% chance for another bullrun. My main scenario is that we are on the way to under 2k per BTC .
A break of the green Curve would confirm to me that the bubble is bursting, if it holds we will see another bullrun.
Know this risk if you plan to buy at 10k and "bet" on another run, Btc could basically always drop another 90%.
Its just a matter of time this house of cards will collapse epically and the past drops is the recent months will be a joke to what may still be ahead. (Tether being not fully backed for example)
Be careful out there and DYOR.
Note
we could see a shortterm rise before dropping, not longing this tho.
Note
With recent events i think the bubble is bursting, im not buying 10k range.I think BTC under 2k$ is coming in the coming months. be careful out there.
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