Consolidation this whole year, if they go bonkers on the dollar printing then maybe action similar to 2021 but generally I expect alot of guessing where we are going and not so much white water froth from fast moves. We retrack and refine prior action basically.
A yearlong consolidation? I'd bet heavily against that one.
BTC just made new ATHs after 3 years of consolidation. Check out what happened in February 2013 or April 2017 for an idea of what happens next.
2021: the year of the next parabolic curve.
At first i was thinking we could easily reach 200,000 to 300,000$ but now i think it will be enough if we can reach $100,000 by the end of 2021. We should keep our expectations realistic and don't make assumptions like 1Million dollar bitcoin value.
The market is not the same last 3rd - 4th quarter of year 2020 so expect that we will struggle to reach that $100,000 since provably we need some big news to fuel up the interest of whales to buy more bitcoins and hold it. And for me $200k - $300k is quite unrealistic for me right now since imagine how big break needed before that happens and I think many people cannot afford to buy that anymore that's the reason why I think we struggle to see that far.