AskLeo - Can You Handle $30K BTC?

It's Bitcoin all over the news, like there's noting else to talk about in this world and everyone and his mother wants to have a piece of the Bitcoin pie... Neah, it's not actually the case, because Bitcoin is no longer tasty at $49K or lower.

Bitcoin was "a hell of bargain" at $60,000, $64,000 and $68,000, that's when the dumb money is buying into crypto because that's when the hype becomes palpable and gurus call for $100,000+ targets. You got to love em...

Bitcoin is hanging on a cliff right now... Since Monday, July 19, this year, Bitcoin has been creating higher lows and higher highs on the mid term time frame, as you can see on the screenshot bellow.

Quite a nice uptrend that's maintained for almost half a year now, despite several considerable dips/corrections that have shaken out quite a few and could be part of the bull market that Bitcoin is currently in.

Some say that the latest dip is the "wake up call" for the bears and might be the last time we have BTC at $50k before correcting in a bear market style, downwards to as low as $20k or even $10k. Some say that...

All I'm saying is I don't know what the hell Bitcoin is going to do next, although my gut feeling tells me super cycle, and no more bear markets such as the ones from 2014-2016 and 2018-2020, but who am I to blow wind in the sails of the Bitcoin ship.

As bullish as I am though, I'm not taking out of the equation the possibility of BTC getting to $30k and testing the summer support over there. I honestly doubt it will happen although I think the uptrend shall not resume any time soon, but I consider it a possibility.

I'm fine with either scenarios. Can call myself a survivor of the 2018-2020 bear market, so what the heck... If BTC will get to $30k, alts will bleed as well, but that doesn't mean development in crypto stops. This technology is of the future and is just getting started.

HIVE has proven to handle corrections quite well for the past half a year or so and that's great. It's one of the few projects really doing something in real life and constantly moving forward. We might even get to a point, sooner than later, where alts decouple from Bitcoin, the ones delivering of course...

We'll see. What do you say of a retest of the $30k level for BTC, though?

Thanks for attention, Adrian

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