Bitcoin long term thesis
The slope of each bull run decreases as liquidity in the system increases. The magnitude of all time high that is reached also decreases. Rather than a 15x from 2013 ATH to 2017 ATH, I would expect about a 5x ATH, or $99,000.
The next week should give us a better idea if the capitulation bottom to $3850 will hold, or if momentum will take us down to lower lows in a slower fashion. I am bullish and long here.
The next week should give us a better idea if the capitulation bottom to $3850 will hold, or if momentum will take us down to lower lows in a slower fashion. I am bullish and long here.
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