RE: BTC crypto bounce back 12/24/48 hours13 Jun 2022 11:47
for BTC to moon again it needs to winterise itself again, we need 18 months of a bearish trend for it to hopefully do a moon shot again.
This price btc could bottom at 5k but if you dont think we are in a bear market of massive proportions then just keep buying btc and miners at these levels, apart from relief rally's this sector is done until the next btc halving and then id expect 3-6 months before btc moons, that's late 2024 early 2025 and also we have no idea how bad this crash is gonna be for everything.
When its clear that we have hit the bottom thats when ill accumulate in this sector, but argo would really need to improve if they wanted my investment dollars, so many other miners far better right now.
The miners made btc expensive they will stand or fall on that, and whether many of these miners are around in 2024/25 remains to be seen. BTC doesnt care how much it all in mined costs are.
Good luck !