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RE: Chaos Theory: Still waiting for $5k Bitcoin?

in #bitcoin5 years ago

I got kinda scared when we dropped to 3.8k, it was so far below the weekly 200MA that has supported the price ever since the beginning, but we bounced back and the 200Ma is now at 5.7k and rising fast, that's my worst case scenario, still, I don't think we will ever reach that...

Like you said, I think the fact that we dropped so much during the covid fiasco and bounced back pretty fast is very bullish, bitcoin was underpriced when it happened and now it has some "catching up to do", and with the economy as it is and the halving happening very very soon, It's like putting gasoline on the fire!

Hopefully Bitcoin can hodl on, my birthday is coming up and I'm going to get some cash to buy more!

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