Right now this is sitting at 61k and has served as a bottom throughout bitcoins life. Doesn’t mean it can’t go lower, it has , we’ve even wicked below the 300w moving average- but this has always been an historic buying opportunity. Also the cost to mine a bitcoin is roughly 60k. This has also historically been a bottom. I expect us to touch these levels and I can’t wait to buy.
Could it go to 40k? Anything is possible this is a long term hold to hedge against the dollar. But I think we are closing in on the local bottom. Keep selling!!!
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