IF Bitcoin cycles continue and the next drawdown in the cycle is less than 75%, and we hit higher than 70k, we will be looking at a low of the next cycle around roughly 30-40k. I'm being conservative.
1. Coins coming off exchanges at fastest rate ever
2. Halving
3. Liquidity coming from the top 4 major central banks
4. Self-custody at ATH
5. Lack of trust building, alternatives to dollar narratives building
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@fastscalps
