๐จ๐ณ BTC COULD DROP TO 49K... BUT THERE'S SOMETHING MANY ARE MISSING ๐๐ฅ
No kidding, buddy, more and more analyses are pointing to a possible drop towards the 40k-49k zone based on historical drawdowns of
#bitcoin ๐ follow me so you don't miss anything that's coming up
If we look at previous cycles, the corrections have become less aggressive:
๐ 2011 โ ~93%
๐ 2015 โ ~85%
๐ 2018 โ ~84%
๐ 2022 โ ~77%
Following that trend, a
#drawdown between 60% and 67% could bring
#BTC down to the 40k-49k zone ๐ฅ
Personally, if that scenario plays out, I see it way more likely that we visit near 49k than drop to 40k.
Now, we also need to consider something that didn't exist before:
โ
#ETFs buying
$BTC โ
Companies stacking BTC
โ
Less supply after the halving
โ
Institutional adoption on the rise
Meanwhile, BTC continues to show crazy volatility ๐
Just a few hours ago it shot up to 64,100 ๐
And then it took a quick shake down to 62,900 ๐
That shows whales are still doing their thing and the market is far from calm ๐ณ๐ฅ
For now, the battle is still between the 59k-66k zone, while the market decides what the next big move will be.
๐ What do you think, buddy, will we see 66k first or do you think thereโs still one last shake to 50k before the next climb? ๐๐ณ๐ฐ๐