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 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?
I won't provide any technical analysis but every cycle won't be the same. If it would be the same then everyone should sell right now because the correction should take it well under where it lies today. Peoe confuse one or two cycles with "this is what happens every 3-4 years". There are different circumstances from 2013 to 2021.