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I have a theory which I have talked about here before that bitcoin works on the 5x rule.
Each fall results in a 5 fold increase.
So, the previous low was what? $3500
So the next high will be around $17500
I doubt it will be this year though. However, I doubt we will ever see 3.5k again.
Of course, it will then hit 17-20k and drop again. Presumably the lowest low will be higher (say 10k) which will push it to a 50k high before dropping again.
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