Be mindful. We will re-test the $17,588.88 recent low. Macro will continually put pressure on this asset class. I am quite surprised that in this early part of the monetary downturn cycle, how quickly it pushed below the 2017 highs, which I honestly thought would act as greater support than it did. This potentially can add more risk to further downside risk in the coming months.
I believe BTC production baseline is around ~$20,400. Best to accumulate under this price IMO.
Just placing it here, predicting the bottom around September-October 2022. Should see a rise towards the end of the year, based on the halving cycle history.
