Bitcoin has had a parabolic rise since September with few corrections, and I imagine many BTC holders who sold around 17K hoping to buy back in around 13K are nervous watching BTC consolidating around 18.5K. We have started to see company buying of BTC like with Michael Saylor of MicroStrategy who has been all over the Internet explaining his $425M buy of BTC in logical and persuasive fashion, and Stanley Drukenmiller’s statement last week on CNBC that he finally owns some BTC as well as gold as a hedge against the US dollar along with the list of Billionaires that are bullish on and own BTC will likely create a type of Institutional/Company/rich individual FOMO into BTC which is becoming scarcer with the negative inflow into centralised exchanges where the UsD/BTC prove is determined - although the big company/institutional/rich individual buying is mainly done OTC! This all strongly suggests a tidal wave of big money is coming for BTC once regulatory and Company Board and rich money investment is in place, and we may well see Plan B’s Stock to Flow model of BTC predicting a price of ~$50K for BTC at end 2020 heading to a price of $100K in 2021 after the third halving in May 2020 come true - like my own exponential chart model of BTC’s price I published here in 2018 that showed the 24 months up and 24 months down pattern that BTC has followed since 2012 and that predicted an end 2020 price of about $40K and an end 2021 price of about $200K or ~ 10x the price we have now! So while many technical indicators point to a quick correction soon to about $13K allowing a good buy in as the bull market after the third halving and the institutional/company/rich money coming in strong and then the retail FOMO once BTC cracks ~$25K takes us to the next likely BTC high of $100-200K in 2021, I wouldn’t hold my breath that BTC will see a prove again under 17K and I am 50% invested at the $18.5K awaiting the likely correction to ~$13.5K to go all in again - and my advice is don’t way of fully on the sidelines waiting for a big correction that may not come atm and May in fact be from say $30K to $20K in Dec 2020 or early 2021 cause of you do 10x from the current $18.5K in 2021 you’d be kicking yourself if you sold or stayed out of the market at that price in Nov 2020! So this is not investment advice of course, but it’s uncanny how BTC is following the exponential models of Plan B and myself from 2018 and there certainly is a pathway to the $100-200K next year for the increasingly scarce BTC that will be for sale next year - comments welcome 🙏🏼
