#热门话题 #BTC
Can Bitcoin still go below $40,000?
Let’s do an analysis and share today
In December 2012, the price before production cuts was US$12.
$230 after cuts
In July 2016, the price before production cuts was US$650.
$20,000 after production reduction
In May 2020, the price before production reduction was US$8,500.
$68,000 after production cuts
As of press time, the current price of Bitcoin is $51,800.
As of 2024, the minimum is $38,500 and the maximum is $53,000.
The Bitcoin production reduction in 2024 is expected to be at the end of April.
Affected by the general environment, market economy, policy economy, including the support of ETFs, Bitcoin halving (the cost of absenteeism after the production reduction is more than 36,000), the Federal Reserve's interest rate cut and other factors,
This bull market will never go below $40,000 again.
From the K-line point of view
A lot of chips are concentrated between 40,000-45,000
If you spent tens of millions of dollars, hundreds of millions of dollars, or billions of dollars to buy a pie, at what price would you sell it?
I believe you won’t sell it for at least 68,000.
Unless you are stupid (Bo Yi)!
