It’s the same with 100,000 to 20, unable to hold on unless there are unexpected circumstances 😅
Crypto飞哥
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In 2016, when I first encountered Bitcoin, it was around March or April, and at that time it was 2000 RMB. By the end of the year, it had broken through seven or eight thousand (it's a pity that I didn't have any experience at that time; the price increase scared me so much that I had to sell some quickly). The second year it peaked at 19800. During the same period, Ethereum went from 7 dollars to 1400 dollars.
In 2021, this round started with Bitcoin around 9000 at the beginning of 2020. When the pandemic hit, the US stock market experienced various circuit breakers, which led to a sharp drop in Bitcoin, falling to about 4000 at its lowest, referred to as 312 in the crypto community. Then by the end of the year, it broke the previous high of 19800, and the second year peaked at 69800. All of us at that time believed it could break 100,000, so I also couldn't sell at the right time. It dropped to 56000 before I cleared my position, and I managed to hold on until today's next cycle. During the same period, Ethereum dropped to a low of 80 dollars during 312, and the second year rose to nearly 5000 dollars. So in this round, if it can follow the same trajectory as before, currently this year it might exceed 150,000 in the first half, and in the second half, it is very likely to break 200,000. As for Ethereum, it is very likely to break 20,000 dollars.
Now Bitcoin's last bull market peak was 70,000. It's very important to note that this is actually the bottom of the next bear market (i.e., the range of 50,000 to 70,000). Unless a black swan event occurs, there won't be much time below this range...
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