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The price goes down. Then people step in and buy and it goes back up over time. Just like every cycle.
Everyone seems so focused on the fact the price isn’t going up despite all the demand but that’s because there is a ridiculously low amount of leverage in bitcoin right now considering it’s a bull market.
Bitcoin moves in impulses. I think once the Fed starts cutting rates we will see another impulse up and then another consolidation.
45 sats \ 1 reply \ @0410e50295 12h
Very similar to ODELL prediction, solid shouts from both of you. I'm here for it 🫡
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Sounds about right to me. I am not sure we stay above 100k in the next bear market. I think we might pull back to 70-80k but we will see. I do expect the next bear to be less deep than others.
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