🔴 With the current macroeconomic conditions, there is a continued risk of a greater drop for bitcoin that jeopardizes the end of the bullish cycle.

⌛ “The current cycle is practically exhausted,” commented the director of the asset management firm Narweena, Richard Durant.

🤔 However, Durant sees the possibility of a recovery of BTC to new all-time high prices if it falls below USD 50,000.

Read the full note here 👈

Do you think BTC can still surprise?

😭 = I don't know, I'm scared
👎🏼 = I've lost faith
❤️ = It's going to explode!