Based on the symmetrical pattern that BTC is trading in the last months (green lines), I think it will pierce trough the bigger downtrend this time. After that we will trade sideways for a while, have one last dump, and then start the new bullrun :)
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Well, I nerver expected this big of a run-up, but prepare for whats coming next, from here on the real bullrun begins!
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The bigger picture...
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BTC is exactly where it needs to be!
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Bears lost here:
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Bitcoin will test 7100 again, possible breakout to 8000 - 10000 I'm only buying under 6200, I'll be looking for a sell around 12000. Come on guys, don't be fooled by the institutions, we are at the bottom range, supply is going to be cut in half in one month, demand (real usage) is surely going to rise with all the trillions printed around the world. So fair value is at least 12000.. Simple economics....
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And next sell level will be after all-time high :D before last year ;) At least 50k, and I'm thinking around 80k ;)
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I don't get people who are still calling for a lower than 5-6k Bitcoin. Halving 2016: So what's different now? Oh yeah, Bitcoin now ACTUALY has a use case. I'm at the point that I'm more comfortable holding Bitcoin than holding Euro's seeing our central banks printing fiat at unprecedented rates GLOBALLY...
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1st Havling, and 40 days before: So if you bought at this point, both times, you would have been in a loss for only a few hours during the second halving. But this time things are different? Where have I heard that before??
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Would you rather hold BTC or Euro's??
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I ask you, do you feel more or less poor than in 2016, 2012 or 1999? Do you feel more free than in 2016, 2012 or 1999?
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