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RE: Bitcoin to make 2 new highs and then retrace to the $1k level?
what anyone needs to ask himself is just a very simple question though. How much cash you would be tunneling into Bitcoin if Bitcoin was to get at 1000 dollars now. That will give you a rough estimation of its possible floor price.
I would personally buy all my fiat into it in that case scenario, but there would be a problem and it comes down to Bitcoins core principle its scarcity wouldn't allow me to accomulate that much never again and deep inside you all know this already. It is a competition for all crypto traders since the least amount of bitcoins you will ever need to be in the crypto game is 1 and that's it.
I don't see bitcoin retracing back to that for like ever.
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