Bitcoin is at/near major macro support levels
We are either going to plunge through them to the downside or bounce big time and go on to make new highs in relatively short order.
My guess is on the latter.
Check it out:
(Source: https://twitter.com/nihkalowz/status/1497882433055645697/photo/1)
Based on this chart we would go on to make new highs this year.
If we break below this line, it probably won't be good news for the bulls.
Either way we can see diminishing returns with every bull market, which is to be expected thanks to the law of large numbers.
cool🙌🙌
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Upvoted! Thank you for supporting witness @jswit.
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Thanks for such wonderful insight! But I don’t get the last paragraph! Could you expand what you mean?! Thanks.
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Every bull market has been smaller in percentage terms, which is expected because the total market cap is getting larger and larger. It is much easier to move a $2 million market cap up 1000% then it is to move up a $600 billion dollar market cap...
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Wow! This is very interesting! Thank You very much for your kind attention. Much appreciated! 🙏🌺🍄🌸🌈
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