Post
Topic
Board Speculation
Merits 4 from 2 users
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Biodom
on 23/02/2024, 19:50:19 UTC
⭐ Merited by LFC_Bitcoin (3) ,JayJuanGee (1)
Check out this prediction (From Bob Loukas) video:

https://youtu.be/8ZM1WyHDiIs?t=875

TL;DR: He shows two main possibilities: either a sharp up to above 150K in 8-10 mo (he calls it a "left-translated" cycle) OR a "classical", but VERY strong cycle terminating at 400-700K or even higher by the end of 2025 (~18 mo more to run). We would know if it is scenario #1 vs #2 based on whether we get to a proximity of ATH in 4-6 wk. If we do, then it is likely to be a shortened cycle and if not (stay where we are or even slightly decline in a chopping fashion), then it is likely to be a longer and stronger cycle (which is commonly referred to as a "supercycle").

Personally, I think that scenario #1 is more likely than scenario #2.
On the other hand, the majority of participants call for around 150K and almost no one talks about the "supercycle" as being likely.
The market rarely does what majority expects.