Is this the end of the bubble?
No. I told you that a drop to $26,240 would be in line with Bitcoin’s history.
Also, this seems to have been the result of poor news reporting.
What does that mean?
With a low exit point, the downside to this trade is pretty good right now. BTC could drop to $26,000-ish before you trade out, which represents a 13% downside.
On the upside, Bitcoin could likely double.
So, I’m buying in, putting the end of the bubble run at 50/50.
As a note, I’m just telling you what I am doing and how I am thinking about this. I am not giving you financial advice and I am not a financial advisor. Please do your own due diligence when investing for yourself.