Can BTC go to $442k? let's vérify
Someone in our community asked me yesterday if we're doomed. Here's what I think and why I believe we might exceed all expectations and soar even higher than we can imagine. It all comes down to USDT dominance.
Looking at its chart, we can see that USDT-D has broken down from its long-term uptrend that has been ongoing since 2018. The problem with this is that simple technical analysis would suggest that its base is the ultimate target of the breakdown.
Now, considering how much Bitcoin rallied from its peak to its current low, which is 374%, as USDT-D dropped by 59%, one could extrapolate that if it were to drop to the 1% zone, which is about another 79% from its current level, then Bitcoin could potentially rally by 500% from its high of 73.7k.
Guys, this would mean Bitcoin could reach 442k (this is just what the math would suggest; I'm not sure if it's even possible, but you see how I arrived at this).
So while everyone wonders if we're in trouble, I'm actually pondering if we could experience a massive rally like this one.
Note: This is just something we could discuss, not a prediction or anything like that.
Looking at its chart, we can see that USDT-D has broken down from its long-term uptrend that has been ongoing since 2018. The problem with this is that simple technical analysis would suggest that its base is the ultimate target of the breakdown.
Now, considering how much Bitcoin rallied from its peak to its current low, which is 374%, as USDT-D dropped by 59%, one could extrapolate that if it were to drop to the 1% zone, which is about another 79% from its current level, then Bitcoin could potentially rally by 500% from its high of 73.7k.
Guys, this would mean Bitcoin could reach 442k (this is just what the math would suggest; I'm not sure if it's even possible, but you see how I arrived at this).
So while everyone wonders if we're in trouble, I'm actually pondering if we could experience a massive rally like this one.
Note: This is just something we could discuss, not a prediction or anything like that.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.