Post
Topic
Board Speculation
Re: Bitcoin has now gone 173 days without a new high.
by
richardsNY
on 15/06/2018, 20:52:18 UTC
I hope it doesn’t take 3 years like last time but 1 year seems reasonable or maybe even 2 years.

There is no such a thing as reasonable or not reasonable since this market can change literally in an instant. People just assume that we have to wait 3 or 4 years before we break another high, but that's based on nothing but current bearish sentiment. As soon as the price breaks through $10,000 in the coming months, people will start speculating about $20,000 and higher before the end of this year. People fail stick to one long term prediction that makes sense, and that while fundamentally nothing has really changed. The price corrected in a healthy manner, and that's just it. I stand by my $50,000 before the end of 2020 prediction, even if we dip below $6000.