One Final Drop Below $10,000?
Will we see one final drop below $10,000? If so, it would be a great time to buy some cheap Bitcoin, so that’s a positive. No matter what, only shortsighted fools will tell you Bitcoin is dying and no matter what price we see shortly, expect huge things to come:
Bitcoin under $10,000 – One last time?
A very strong claim to make, but not an unreasonable one.
As mentioned above, following every drawdown, Bitcoin has always registered an exponential level of growth. Now, whether the retracement is $9700 or $8500, the bounce back is going to be substantially high and it will probably be sustained for a prolonged period of time.
One important aspect that needs to be identified here is Bitcoin’s maturity since 2017. Its levels of maturity have been astounding, so the likelihood of Bitcoin dropping massively from another high rally, is low.
Hence, once it touches down right below $10,000 and steadies itself for another bullish run, the chances of the crypto-asset dropping back to four-figures will be extremely low, especially if Bitcoin crosses the price range of $15,000 or better, re-tests its all-time high at $20,000.
The last quarter of 2020 may just define Bitcoin’s next couple of years and according to the newsletter, this drawdown is a rare opportunity to buy more BTC before the market skyrockets beyond reason.