As you can see Bitcoin has gone above and beyond expectation, thus meaning we are due for a cooldown.
Whether you like it or not the price of BTC is going to retrace quite heavily.
When will this happen? I honestly don't know it could happen tomorrow or early next year nobody can predict the future.
One thing I've noticed in the past is that prices seem to go higher than you expect but they also go lower than you expect.
Now i'm not telling you to go sell your bitcoin but tread with caution as we're in risky territory.
If you're in this for the long run and you don't know when to buy/sell, just HODL you will be fine.
This game is all about patience, try to withdraw your emotion from the equation as much as you can and look at things objectively.
"Is this the end of Bitcoin?"
No of course not, if anything this is just the beginning.
Nothing can sustain a vertical trend that BTC is in right now so the pullback is inevitable.
Just see this coming drop as a great opportunity to get into bitcoin if you came in late to the party.
"What will happen to Altcoins?"
Most of the wealth currently in BTC will flow into Alts triggering the next bullrun.
This will be a once in a lifetime opportunity, if you play your cards right you will make 10x EASY.
Remember there will only ever be 21 million bitcoins so you want to obtain as many as you can.
I already sold my bitcoins weeks ago and 100% diversified into Altcoins patiently waiting for this super bullrun.
"How will bitcoin futures effect the price of BTC?"
I see a lot of FUD going around about how people think wall st is going to short bitcoin into the ground.
This is a possibility although I don't think it will happen.
I think we can all agree that trying to short BTC is not the best proposition...
Wall st are also known to love their bullruns, there's a reason there's that massive bull statue in the first place.
Just a quick reality check:
Please take this post with a grain of salt, we are entering the unknown which is full of unknown unknowns.
Nobody can predict the future, anything is possible.
This is simply just my analysis from my subjective experience.
If you disagree with anything I say feel free to openly debate me on it.
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