Quote from: Ratimov on June 22, 2022, 08:02:00 PM

Are you ready to see $10,000 Bitcoin this year or early next year? I read some communities on the Internet and most of them are sure that the price of $17,600 is a very cruel fall and a fall even deeper can provoke a loss of faith in bitcoin altogether (funny phrase). But those same people have apparently never analyzed bitcoin historical data. In this capitulation event, bitcoin only fell (I don't know if it's appropriate to say this when it comes to such a loss in value

) by 73%.

If you look at the historical events of capitulation, whether it was 2013 or 2017, then Bitcoin steadily lost ~ 85% of its value, after which a renaissance began, and the market entered a recovery phase.

https://i.imgur.com/aGGD0zT.png

Based on the theory of cyclicality, then the absolute market bottom comes every 4 years, and at the same time, bitcoin loses about 85% of its value after an explosive bullrun. In this cycle, 85% of the lost value from the last ATH is right at the ~$10,000 mark.

What do you think is the absolute bottom of the current bearish cycle?

global situation is good for market. global supply chain has been broke ,oil and gas shortage .if FED officially announce the recession stock & crypto market can go down . so i think 10k is possible but it may take few days.

alara14251

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