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On this video, I focus on the present wrestle round Bitcoin $60,000 within the context of the earlier halving cycle and the wrestle round $3,000.
This Bitcoin cycle is far stronger and smoother than the 2017 cycle, which bodes effectively for my year-end value goal of $200,000.
If we do get a deep bear market subsequent 12 months, it’s fairly doubtless that $60,000 (which has functioned as resistance) will grow to be the brand new help stage.
There’s additionally a better likelihood (attributable to institutional cash flows, and Bitcoin loans which permit hodlers to not promote their Bitcoin) that now we have entered the long-awaited Bitcoin supercycle, and won’t see a deep bear market this time round.
Not funding recommendation! Seek the advice of a monetary advisor.
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