Quote from: Joshua Jackson on September 08, 2021, 01:37:41 PM

We can all notice the ongoing price correction of Bitcoin and the fact that price does not continue in a straight line. What do you think Bitcoin's Price could be corrected to? I mean, what do you think would be the minimum price Bitcoin gets to, before going back to $52k price again?

I think that we've already found a floor at the $45k level.

The market sentiment is still quite bullish if you ask me and I don't think that there is necessarily a prospect for bitcoin to go down below $40k in the short run. Coins on exchanges are at an all time low meaning that there are plenty of long term holders.

This is definitely different to 2017 in my opinion - 2017 is grossly overleveraged and growth happened way too fast.

tz

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