I doubt that we are going to go shooting up to $20k, but I could see shooting up to $17,500.
Yet, what the fuck do I know?
I am continuing to think that once we get in the $17,500 to $23,000 range, we are not going to be hanging around in those territories for very long.. .yeah we could be there for a couple of months.. but is kind of like bat country... in my ongoing thinkenings.
I have been thinking exactly the same.... Many people would like to unload their coins at this range and it will make them angry and fomo back in at higher prices, when they see BTC keep pumping.
It could be like a repeat to early 2017 when BTC reached 1k again.
The only thing, as JJG also stated some days ago, is: This time it's different.
Now the halving effect is well known and many want to jump the boat before anyone else does.
Imo it just needs a little confidence that the bears have actually given up (and now might be the time).
Normally i'm a nice and friendly person, but this time i'm honestly happy that BCH fails. Even though Roger always put the speed of transactions (block times) in front when arguing for Bitcoin Crash.