I always thought that 2021 would be the peak of the cycle, but that's based on a very limited cycle of 2013, and 2017. The test will be how well things hold over the coming months as there are no recent ATHs to report.
Same here, 2021 will be the peak, what we have seen late 2020 is just the start of the eventual bull run this year. So it will take some time to reach $50k but definitely we are in the right direction. Of course there will be a lot of bumps, going to be a lot of test along the way. But $50k is doable this year, we might surpassed it in the first quarter alone of this year.
I do agree that 2021 will be the peak. In 2017 we were already at around 700 dollars when we started the year, the previous peak was around 1400 dollars, we broke over that easily like it was nothing and that wasn't even our ATH at the time, by the end of 2017 we reached as much as 20k from the previous 1400 peak.
Now don't get me wrong I am not expecting bitcoin to be 15x higher than 20k which is about 300k, that would be insane and too much, however I believe we are going to be over 40k as well for sure. My estimates show 65k because that would be around the same price as some big stock markets and that would be good, however for us to reach there we need another bull rally and I do not know when that will happen.
400 million USDT was just printed by USDT, what do you think? for me this year in Q1 cryptocurrencies are very bullish, especially Bitcoin,
thinking to go to $ 300k this year is very realistic, because 15x is not easy to be able to just one shot,
but to go to $ 50k I believe this year it still can reached, yes, hold and don't sell cheap.