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Everyone says #BTC will drop to around $30,000! So are you starting to dollar-cost average at $60,000?
If $BTC really retraces to $30,000:
• Leveraged long positions will be liquidated on a large scale
• Sentiment will quickly shift to extreme panic
• Spot investors will face a test of patience
But history tells us:
Extreme predictions are often accompanied by extreme volatility.
More important than predicting the price is risk management.