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.
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.
That's the effect these brutal shakeouts tend to have. They're painful. They make people question the resilience of the bull market. They lower expectations. They make people sell.
And yet ironically, the rallies are only going to get more intense and parabolic from here.
In my opinion, $200-300K is at least as likely as $100K, if not more. Judging by the price action and magnitude so far vs. 2017, I think we should set our sights towards the higher end.