History Has A Habit Of Repeating Itself.
In 2018, The SEC Rejected A Spot Bitcoin ETF While #Bitcoin Was Trading Around $8,500.
Following The Rejection, BTC Crashed From $8,500 To $3,128, A 63% Correction.
Yet Over The Next 3 Years, Bitcoin Rallied More Than 2,100% (ATH $69,000 in 2021)
Now, We May Be Facing A Similar Moment With The U.S. Clarity Act.
If The Clarity Act Is Rejected, I Believe The Market Could React Negatively In The Short Term. A 30–50% Correction Would Not Surprise Me, Which Could Put Bitcoin Somewhere In The $40K–$30K Range.
However, If History Rhymes Again, That Correction Could Become The Foundation For The Next Major Bull Run.
In My View, The Next 3 Years Could See Bitcoin Trading Above $300K By 2029.
The Biggest Opportunities Often Appear When Fear Is At Its Highest.
NFA. Always DYOR.
In 2018, The SEC Rejected A Spot Bitcoin ETF While #Bitcoin Was Trading Around $8,500.
Following The Rejection, BTC Crashed From $8,500 To $3,128, A 63% Correction.
Yet Over The Next 3 Years, Bitcoin Rallied More Than 2,100% (ATH $69,000 in 2021)
Now, We May Be Facing A Similar Moment With The U.S. Clarity Act.
If The Clarity Act Is Rejected, I Believe The Market Could React Negatively In The Short Term. A 30–50% Correction Would Not Surprise Me, Which Could Put Bitcoin Somewhere In The $40K–$30K Range.
However, If History Rhymes Again, That Correction Could Become The Foundation For The Next Major Bull Run.
In My View, The Next 3 Years Could See Bitcoin Trading Above $300K By 2029.
The Biggest Opportunities Often Appear When Fear Is At Its Highest.
NFA. Always DYOR.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Twitter: twitter.com/CryptoPatel
Telegram: t.me/OfficialCryptoPatel
Instagram: instagram.com/cryptopatel?utm_medium=copy_link
Telegram: t.me/OfficialCryptoPatel
Instagram: instagram.com/cryptopatel?utm_medium=copy_link
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.