I’ve playing with some historical data, and people compare current bubble with that in 2013 and 2017, where the price increase continued for more than 6 months, and by the end of the year we witnessed correction processes of more than 70%.
We have strong numbers this year with the support of investment funds. current bubble may be different and correction may be longer and not only by next December.
I want some analysis of what will happen if we break the $ 100,000, or at least will we see a correction of 70% within 12 months?
We can always look in t he past and could really make out some comparison and even some people who are really fan of connecting the dots when they do make out some future predictions.We have strong numbers this year with the support of investment funds. current bubble may be different and correction may be longer and not only by next December.
I want some analysis of what will happen if we break the $ 100,000, or at least will we see a correction of 70% within 12 months?
There's always a presumption when it comes to that.For example on the month of March on where most likely Bitcoin is really on bearish status but what happened?It does on the opposite situation.
If we do reach up $100k then i dont really much to believe that bubble will burst but somehow i do believe on some serious correction specially to those who had bought on 40-60k price point.
Lets not really remove the possibilities of things because we have seen the scenarios that could really happen.