What specifically will be so earth shattering for Bitcoin within the next 6 months that price will rise from here to "insane levels"?
insane within 6 months?
nothing.
Exactly.
,
Hence my short term bearish attitude.
I dunno. Would doubling to $200B be "insane"? Not in my book. So is that bearish? No.
No it's not insane, and someday we will definitely see $200B+ or more come into the crypto market space. With each subsequent rally it gets bigger and bigger. When the U.S. hedge funds finally get involved with bitcoin options trading through LedgerX, it'll even get bigger and crazier for sure.
The only thing that I'm saying is, during any bitcoin rally in the past, the vast majority of the money (actually the sum total amount) came into the market
on the front end of the first pump to new ATH, and then after a weak double top of sorts, slowly waned downward from there. So far this rally is proving to be no different. It could change, I'll admit that. But I've never seen that in the charts of any of the past rallies.