I don't think $69K was the top for this halving cycle.
If $69K were the top, than a typical bear market -80% drawdown would bring the bottom to $14K .. below 2017 ATH ($20K) and below 200WMA ($18K). Nah, that has never happened and IMO will never happen.
Important message as we enter the next Bitcoin bull market:
- BTC is very volatile
- You can lose all of your money
- Only invest what is ok to lose
- Twitter is not investment advice
- Don't buy BTC with credit cards
- Keep low time preference
- Do your own research
🙏🏽🙏🏽
@PeterSchiff In the digital world, #bitcoin is superior to #gold! why #bitcoin should be backed by #gold!!! You cannot convince #millennials to buy #gold, they grew up with smart phones and social media ... #Gold has no utility for them! The era of #gold is done!
@PeterSchiff As trade tensions rise and the yuan falls, Gold is trading back above 1.2K. But don't believe the hype that this rise reflects safe haven buying, similar to bitcoin. Gold is not being bought by investors searching for safe havens, but by speculators betting that they are!