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.
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.
Do you think this pattern will repeat itself endlessly?
Nope. I think this is likely the last of these cycles. They've become far too predictable, which is why Wall Street and public companies are now piling into the market. And thus, the vertical swing of the S-curve:
So this is the basic idea:
The first 3 bubble cycles took place inside the red box. They're just tiny bumps in the road before the rocket takes off and goes into the vertical swing of the S-curve.
That's why $100K might seem like an extremely low price just a few years from now. The next phase may be much faster and more violent than the 2010-2020 phase.
The first 3 bubble cycles took place inside the red box. They're just tiny bumps in the road before the rocket takes off and goes into the vertical swing of the S-curve.
That's why $100K might seem like an extremely low price just a few years from now. The next phase may be much faster and more violent than the 2010-2020 phase.
I'm not sure if this will be a year of consolidation, but what I am definitely not expecting is parabolic growth this year.
Everyone thinks either sideways or down. The contrarian in me knows that means we're definitely going up!