I'm sure many here have areas of their life that they are looking to progress and are exceedingly tired of being chained to this whipsawing headfuck. I sure as shit am. I'd never be fully out of the game but I am extremely keen to not be so deep into it.
So I have been spending a lot of time speculating on the commonness of the above rationale.
That combined with the people who FOMOed in at 15k plus 3 years ago are very likely to make the road between 15k-25k kinda swirly and narrow.
Consider this script:
Bitcoin slowly gains steam from here
Over the next 3-18 months we see it decisively make a new high... somewhere between 20-25k. I dunno I am no technical wizard.
The above scenario is kicking in pretty strong.
We see a strong pullback.
We drop under the current ATH again (19.5k), perhaps by a good bit.That is the point of greatest pain. A LOT of people will be saying "Oh my God. I am going to lose 90% of this AGAIN."
They will sell into the hands of people who recognize what is happening (stronger hands).
Then over a fairly short amount of time we clear out all the balsa wood resolve around the ATH and we are ready for open skies.
This is what I see happening... and I KNOW it is going to hurt. A LOT.
Of course I could be wrong.