After a near 100 percent rise from November lows of $15.5k we now seem to be crabbing in a range between $26k and $28k, in my experience this is to be expected as we saw some profit taking above and around $30/31k. What do you think will happen to cause us to see circa $20k Bitcoin again? This US debt ceiling situation is the obvious one but I personally fail to see how that will happen - the United States will not just completely torch itself and it’s financial markets it just won’t. I see that situation as being done already albeit most likely with some drama over the timings. We also have Hong Kong coming “I onstream” shortly which I assume will actually push the price of the blue chips northward if anything?
So I ask again : what scenario causes BTC to head toward (or even lower) than $20k?
Disclaimer: I’m keen to pickup a stack more currently and would prefer to pay $20k ish for it, so gimme some hope it might get there ???? ????
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