We’ll never see $25,000 or below again, quote me on that.
I think we’re past the worst & bitcoin will start to rise again now. The bull run is alive & kicking, 1BTC = over $100,000 by the end of 2021 (not sure about $70,000 by 22 July though).
I think we’re past the worst & bitcoin will start to rise again now. The bull run is alive & kicking, 1BTC = over $100,000 by the end of 2021 (not sure about $70,000 by 22 July though).
Quoted
Everyone is expecting a huge dump like December 2017. But we are so far away from the situation of December 2017.
October 2015 to December 2017: [27 month Bull run]
Weekly higher high has been started from October 2015. Before the start of the 2017 bull run, Bitcoin's lowest price was below ~$160, and throughout the year the weekly candles were given higher high and the highest price was around $19,000+.
That means the pump was about 120x timed. and the bull run stayed for 27 long months. After that, the bear market has been going on for a year.
March 2020 to May 2021: [27 months Bull run]
After 3rd halving BTC weekly higher high has been started. Before the 2021 bull run, Bitcoin had a lowes price ~$3200,
till now the ATH is ~$64000+.
That means the pump has been only 20x times so far within 20 months. we have a remaining potential 11 months to fill up the remaining "100X pump"
The possibility within the next couple of months:
We have remaining months for the Bull run: ~11
Possible range to touch: 120x3200= ~$384000
As much as I would love the data you provided become reality, I think we will stagnate for quite a while. There have been some good news recently, but also some bad news. It feels a bit as if both sides are kind of on par, there is no overweight of news to one side or the other. Bad news is some bans here and there, tougher regulation for some countries, good news is Germany allows its institutional investors very soon to invest up to 20% of assets under management to be put into crypto. So far they were not allowed to. We are talking close to $400 billion here. The question how keen they are to use that 20% margin and how quickly they would do it. Keep in mind though that there intention is never to push a market up, but to keep it steady and buy slowly in order to gain from price appreciation themselves.