Bitcoin $60,000: Almost Gone Forever

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In this video, I discuss the current struggle around Bitcoin $60,000 in the context of the previous halving cycle and the struggle around $3,000.

This Bitcoin cycle is much stronger and smoother than the 2017 cycle, which bodes well for my year-end price target of $200,000.

If we do get a deep bear market next year, it is quite likely that $60,000 (which has functioned as resistance) will become the new support level.

There is also a higher probability (due to institutional money flows, and Bitcoin loans which allow hodlers not to sell their Bitcoin) that we have entered the long-awaited Bitcoin supercycle, and will not see a deep bear market this time around.

Not investment advice! Consult a financial advisor.

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