Quote from: jamietao on Today at 08:36:27 AM

Quote from: STT on Today at 05:38:54 AM

Almost every conventional commodity increases supply as price and margins allow for it, thats just the way of the free market. That means increased supply to some extent is appearing alongside increased demand yet even normal commodities can rise a great amount. BTC deliberately limits supply hence it has a far more rapid price rise when demand appears especially, that usually means we dont back off a trend in demand till its completely exhausted on every time frame.
BTC has a while to go yet, its usually something that spikes up at some point and I did think the 2021 highs were far too calm to be feared in long term consideration.

The market is designed to catch people off guard and is designed to cause the greatest losses to the greatest amount of people. Generally what most people expect to happen doesnt happen for this very reason. The most likely outcome are the unlikely outcomes in my opinion: either rounded top at $75k in early 2022 or double top at $65k in late 2021. Then go sidewards in $30k-$45k for extended period of time.

Then it will invalidated those who predicted that the price will hit 6 digits at the end of the year? Specially his one: Stock-to-Flow Model: Modeling Bitcoin's Value with Scarcity.

So we will see, either parabolic blowoff top or a rounded top will not happen as the price will continue to rise to $100k because of institutional investors involvement in the market.