Post
Topic
Board Speculation
Re: How low will BTC go before the next leg up to 45-50k??
by
pixie85
on 14/01/2021, 23:41:29 UTC
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)

It looks like FOMO has got a hold of you. It's fine, I hope more people feel like that because it makes the rally even more powerful.

Of course we will see 29 thousand and below that because every bear market ends with a deep dive towards the long term support. It happened in 2015 and in 2019.

Even if we go to 50 thousand in a few weeks it's going to correct to 20 -25 thousand again one day. The trendline that marks the bottom is still at 16-17 thousand at the moment and we are overbought.