Bad News For BTC Medium Term

23. Feb. 2021

After coming out of arguably the most beautiful bull flag I have ever seen, we have had quite a nice run and a nice additional push by the man Elon Musk himself. I fear we are going to pull back quite a bit here, possibly 20-25% with a bottom somewhere around 42k. This will probably drag down most of the other coins as well medium term. With the bond yields taking off as well and a weakening dollar we find ourselves in a strange place that is hard to navigate. Ultimately crypto's will be good long term investments as fiats are racing to zero, but this could be a good chance to sell and buy more later.