I think a relatively normal bottom price will be around 50k. Around 50k there is a large amount of liquidity support; it’s basically the extreme position, and also the best support level for the last drop.



As for the 30,000 to 40k someone mentioned, I think it’s difficult to reach unless there’s a black swan spike like once in 20 years. At the same time, I believe the bottom will be reached in October, and then there will be range-bound consolidation at the bottom for 1 to 2 months. My own DCA-buy timeframe is under 55k, buying in batches. If the price is suitable, I might go in as early as October.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned