Marc De Mesel: New High Undervaluation Almost Reached ?
Current drop to $7600 #Bitcoin, $205 billion total #crypto market cap means we are at serious undervaluation of -45% vs the log regression trendline. A trendline that goes down in growth over time, meaning all support that held in previous cycle will likely be broken in this cycle, something so widely ignored by Crypto Twitter and YouTube analysts! If we drop to $6800 / $180 billion total market cap we would reach new high of -55% undervaluation that was very likely to happen and where I hope to go to majority crypto exposure again.
Since bull likely started almost 1 year ago when bottom of $3150 BTC / $110 billion total market cap was reached, and we already had market leader $BTC pumping as first in meantime, likely next are large cap coins like $XRP, $ETH, $BCH pumping, which may cause certain fiat prices that ETH or BCH reach on this correction to possibly 6k, never be seen again even if Bitcoin Core goes to 4k later on, hence why buying ETH and BCH in steps is important.
Fingers crossed my target of -55% gets reached so I can solidify my Tesla gains that I was lucky to have in time, into a big stash of Bitcoin Cash ??
Links:
Other reputable analysts predicting only 50k BTC also by 2023:
https://twitter.com/MarcDeMesel/status/1196407956180324352
Crypto Investment Plan:
https://docs.google.com/spreadsheets/d/1WSeePxcqVyZ__99I-dAcvMBZuEzTq1DX8KzstSKoS5c/edit?ouid=114287237714814559422&usp=sheets_home&ths=true
Why Bitcoin Likely to go DOWN:
https://www.youtube.com/watch?v=Ic4sbgB_Ggw
2011 Most Likely, Bottom In But Sideways at Lower Valuations:
https://www.youtube.com/watch?v=VmYtFnc39vA
Additional Info
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