Bitcoin will never test its previous all time lows
Many people are still thinking that the price of #Bitcoin may go down to $15K and even below, they have always the bearish mindset.
But in reality they dont know about how bitcoin price reacts every year and what is the great impact of halving on Bitcoin price after every four years.
If you remember that every cycle Bitcoin have the low price value which is always up from the previous lows. Which means that in this cycle when the price of #Bitcoin reaches $15K will not be retesting this level in the next cycle.
What I mean is that when this bull cycle gets over you come to see the bearish trend where the price will go to test its lows.
The next bearish cycle will be above $30K which will be its lowest value of the cycle. Meaning that every cycle the all time low will be on the upside .
Right now the price of #Bitcoin is around $63K and people are thinking that this is the peak of this cycle. In reality its just the start of bull run and hopefully the price of Bitcoin may surpass $100K in this cycle.
Therefore, its always to keep in mind that Bitcoin is gaining value from cycle to cycle and never think that it will test its previous all time low.
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Posted Using InLeo Alpha