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RE: Bitcoin rises because land is becoming worthless
I think he may be correct that we’ll bottom soon with an ETF approval coming:
On my chart, I see three possible (quadruple!) bottoms and timing which stay above the downtrend line which Bitcoin broke out above on July 12:
- $5850 approximately Aug 22
- $5500 approximately Sept 6
- $5200 approximately Sept 18
I don’t expect we will move lower than that. The bottom is either already behind us at $5850 or coming within the next 35 days.
See also my latest rebuttal of Martin Armstrong:
EDIT: Is Barry Silbert’s Twitter poll is a contrarian indicator (massive bearishness is the blood in the streets we need for a bottom)?
EDIT#2: note Bitcoin will likely not bottom until 2020 (although we may get a deadcat bounce to $10k first) and next peak over $100,000 not until 2023.