I am of the belief that bitcoin should be in a price correction next 6-12 months. The main reason is again (like 2017) that the market has had extremely high demand over a short period of time. This may be partly due to the fact that many people have to place their cash elsewhere, than in the bank, due to the very low interest rates on deposits. My thought is the world economies have in recent years been able to keep borrowing money from each other due to there is growth in the world. When something is created, money can also be borrowed from it. The Big problem is waiting when the economies go into recession and there is no growth but the economies still have the same "consumption". We are facing this issue right now with COVID-19. The resultat is that it’s no longer possible to borrowed in the growth. The economies will at some point have to adapt with greater saving programs and here many ordinary people will lose their jobs and therefore need e.g. their deposits in bitcoin. It is great that larger companies have started investing in bitcoin, but when these also meet the challenges of the future from the economies, a major correction is impossible to avoid. My best guess is that we hit the bottom in 8,000 - 10,000 in 6-12 months. What do you think about this?
I just do not see it, if you take a careful look at the previous history of how the price of bitcoin moves I really think we have left behind that price for bitcoin for good, the minimum I think we will see bitcoin during the next months is 20k and that is assuming the bull run is over which I do not see, this is a period of accumulation and then after a few months the price will begin to go up once again, and at that point a price of 100k for each bitcoin will be very possible.