Post
Topic
Board Speculation
Re: Next target 40-42k area before new ATH? See 2 year moving average
by
pooya87
on 25/02/2021, 05:48:50 UTC
This pattern is very interesting if we compare it to 2017 bull run
So, 150k-200k looks very achievable but then a big dump is likely.
In 2017 bull run price went from previous ATL ($150) all the way to $20,000 which is 13,233%
If this is anything like 2017 then price has to go from previous ATL ($3200) up 13,233% and reach $426,656 then be considered a bubble.
In other words $150k-$200k is like $6800-$7000 was in 2017.

All of that is assuming this cycle is the same as previous one but I believe that each cycle the size grows. Evidence is that 2017 cycle was bigger than the 2013 cycle which was bigger than the 2010 cycle. So reaching $400k may not even be the bubble territory this time. I always say $400k to $500k but bubble may actually form around $700k or more.