Moving a bit too fast for my liking. I think well have a correction to mid 4Ks. Im fine with that, Im enjoying accumulating.
We all know were going to 6 figures beyond 2021 any way.
Well we didn't have a correction on the way down why should we have one one the way up? $6500 baby here we come....
Bitcoin no doesn't work like that.
Of course, there is going to be a decent sized and material price correction. It's a matter of when, not if.
I personally would not be surprised to begin to experience such a significant and material correction at anytime.. but we also know how bitcoin has a habit of OUTDOING expectations.... and currently, there is a bit of momentum on the UPSIDE including a bit of pent up holding the price down lower and for longer than was probably healthy.
Therefore BTC prices, in this cycle, are possible to advance, more or less, straight into the $6,200 to $6,500 arena without any kind of material and significant price correction.
I have a hard time contemplating that BTC's price would go beyond $6,500, in this particular round of UP without some kind of material and significant price correction - in the 30% plus arena... never say never, but would be quite a low likelihood, in my humble bumble opinion.