Earlier some told it is impossible to see 4xk in near future. "Thanks" to Joe Biden’s Tax Rise Reports, here you go.
"The logic of the drop states that an important group of investors closed their positions as quickly as possible to avoid paying this staggering tax. The decision seems acceptable considering that Bitcoin would have to rise to $85000 to make up for the losses of selling today versus waiting for that price to make the same profit after taxes are deducted."
Current crypto fear & greed index is 55, Dominance level of BTC increased from 48 to 51.6 Some says, once the Pi cycle appeared, you should see a drop of 50% of BTC. However, don't forget to put in the cost of BTC purchased by public listed co. Tesla - Cost: 31,250 USD (Hodling: 48,000 BTC) MicroStrategy - Cost: 24,306 USD (Hodling: 91,579 BTC) Square - Cost: 27,407 USD (Hodling: 8,027 BTC) Grayscale - Cost: 49,003 USD (Holding: 654,885 BTC)
Time to find a great position and buy in. Meanwhile, you may look into the following altcoins: BTC, ETH, IOST, VET, ENJ, XRP, ONT, CELO, UNI, DOT, DOGE, EOS
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