I'm looking for a good re-entry point and thought I'd canvass the group to see where you think the bottom is before she starts her climb back up through 42K and beyond?
I am thinking around 20K.
Any guesses? If so, why (sentiment, support levels, etc)?
Thank you.
Happy 2021 and good luck to you all!
20k is history. I don't think we will ever see anywhere near 29k again. My hopes would be $500k by the end of 2029.
(Side note I love how I am a newbie with how old my account is lol)
Although $20k is history, we do not know how deep bitcoin prices will go down later. We can only hope that the bitcoin price will not go down below $30k. The new ATH will be more than $41k, so I am expecting to see bitcoin price will be more than $50k-$90k this year. Reaching $500k by the end of 2029 will be too long from now on, and we still have 8 years later to see how high bitcoin prices can increase.