While BTC bottoming out near 10k would be normal, here is an argument for 3-7k BTC that rebounds to 500k.
Posted Jun 19, 2022, 7:16 PM UTC
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This smells strongly of hopium
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This is also the first crypto winter that has to unwind so many intertwined leverage dominoes.
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it would not be great if BTC went back to $10K, because BTC was around $12K before its run-up to $65K.
Having higher-lowes is kinda BTC's thing.