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Will 30k be the new 6k for Bitcoin ?
So far the cycle is repeating and a extension to 30k would not be too surprising at this point. Last cycle we had 6k as support for a very long time and when it broke capitulation hit shortly after.
This cycle we had 30k as support and when that broke , capitulation hit.
The question is now when will you FOMO in? if price does come back up to 30k and hovers there it is very much possible that Bitcoin enters a bubble and overextend into 4/1 or 8/1 Gann Fan just like last cycle.
I think 30k is the level to watch and when most of retail will step back in.
Will 30k be the new 6k for Bitcoin ?
So far the cycle is repeating and a extension to 30k would not be too surprising at this point. Last cycle we had 6k as support for a very long time and when it broke capitulation hit shortly after.
This cycle we had 30k as support and when that broke , capitulation hit.
The question is now when will you FOMO in? if price does come back up to 30k and hovers there it is very much possible that Bitcoin enters a bubble and overextend into 4/1 or 8/1 Gann Fan just like last cycle.
I think 30k is the level to watch and when most of retail will step back in.
Comment:
Big moment here
Comment:
Big moment for the NAS100 aswell a clean break would be a massive signal .
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