Worst case scenario. This is not the worst year bitcoin has had
I am tired of seeing fake news about bitcoin having its worst year ever. There have been several bearish moments in bitcoins past.
The worst is marked with a red arrow. Now this isn't the largest correction ever. Bitcoin did lose 93% of its value rapidly for a short time in the past
and quickly recovered. It is also shown on this chart. So don't say this is the worst. For this to be the worst
the market price would have to break the 9000.00 support before July 2023. I do not see bitcoin being bearish that long.
Most of the high volume traders are waiting for - 85% range from the all time high.
Nobody knows what will happen in 2023 so we can only hope and share our thoughts.
I do know no matter what happens the market will reverse in 2023. There are too many investors anxiously waiting to
start the bull market. Timing is important.
The worst is marked with a red arrow. Now this isn't the largest correction ever. Bitcoin did lose 93% of its value rapidly for a short time in the past
and quickly recovered. It is also shown on this chart. So don't say this is the worst. For this to be the worst
the market price would have to break the 9000.00 support before July 2023. I do not see bitcoin being bearish that long.
Most of the high volume traders are waiting for - 85% range from the all time high.
Nobody knows what will happen in 2023 so we can only hope and share our thoughts.
I do know no matter what happens the market will reverse in 2023. There are too many investors anxiously waiting to
start the bull market. Timing is important.