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Just two days into the Year of the Horse (2016), BTC plummeted from 77,000 to 60,000! Two major blows struck in the first half of the year: a macro liquidity crunch and a market confidence collapse leading to panic selling.
The real bottom hasn't been reached yet; it may touch 40,000 or even lower in May or June.
However, a major reversal will occur after August, with policy shifts, liquidity recovery, renewed market consensus, and the midterm election campaign potentially pushing it to 120,000-150,000 by the end of the year.
Core strategy: Defend in the first half, attack in the second half. Stay calm, we can win!
🔮For detailed predictions for the Year of the Horse, please see the original article.🔮
#Bitcoin
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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