Will $50K serve as real resistance, being such a big psychological number?
Interestingly, the extension from the 2017 ATH to $50K is roughly equal to the extension from the 2013 ATH to $3,000. And if you'll remember, we had a whopper of a correction (41%) of $3K back then. Will history repeat itself?
So the hype we were waiting for 3 years... is here. Question is when will this bubble pop?
Not anytime soon. In 2017 terms, it's only April or May. Things haven't even gone parabolic yet!