Bitcoin price analysis - may be you will feel relaxed after read this
SUMMARY
«If BTC doesnt go lower 6k$ level for about month (dont count piercing) then on AUG-SEP there should be new cycle of price rise.
On the agenda: ETF. News are preparing good conditions for starting a new rally. If we see 1 trillion invested to crypto (plus to market cap) then we should see first impulse of the rally to the area 15k$-16k$, then market correction and second impulse to 23k$-24k$. All we know that BTC main advantage in compare with traditional assets like GOLD, USD and etc. is the fixed coins emission (21 millions BTC). Also important fact that 4 millions BTC were lost forever according to the info from "Building on Bitcoin" coference and 2 millions were stolen according to CCN.
I already wrote that there are officially registered about 16 million millionaires in the world and according to the math of bitcoin there can now be 21mil - 6 mil = 15 millions, which is 28.5% - less than the fixed fixed emission. Based on this we can assume (although personally I have little faith in it) that McAfee shouldnt have to do what he promised and the cost of bitcoin will reach 1 million USD one day. I dont think that BTC price peak is 20k$ only. BTC has more potential and probably we will see 100k$ price per 1 BTC. But the way to Mount Everest is known to be difficult and not many will climb to the top. And only some of us can survive till the new peak of BTC. But the problem is that no one know where this second peak is».
Be ready for sharp dumps and doubt in further rise, fast bounces up and etc. And all these have only one reason - to shake off from the train future slumdog millionaires :-).
All those who still believe in crypto will have a such chance!
I will update this chart as new info comes up for my followers.
The information provided by @arjunsingh is for informational purposes only. It should not be considered legal or financial advice. You should consult with an attorney or other professional to determine what may be best for your individual needs.
