Rightly or wrongly (guess we'll find out), I've stayed in cash since BTC hit 5K and started to pull back and of course as a long term prospect I fully support and believe crypto's will have a significant role to play in one form or another.
However, every time I think it might be an opportunity to get back in for more than a trade, I look at the weekly and then the monthly BTC/USD chart and can't help thinking to myself that EVERY time I've seen a chart look like that, what I like to think of as 'gravity' has played it's part and no matter how temporarily, brought the price back down to earth, irrespective of where it goes from there, which in this case will likely be back up IMO.
By that logic, it seems possible we might actually see at least a spike down to circa 3K US before it can crack past 5 K again.. Of course I could be way off and miss the early parts of another run, but happy to take that risk for now.
Guess I'm just wondering how everyone else sees it ?
@mouse ,
@nugget_alex
