My prediction was $50,000 before the end of 2020 and is still that today. Even more precise, that was my prediction before we demolished the $10,000 level last year. I don't shift from predictions based on how the market moves up or down, which isn't something that can be said about the mainstream media and other so called experts. Important is the fact that regardless of how deeply involved in TA you are, or how much of a crypto veteran you are, we don't know more than each other. The actual winners here are those who remain realistic and allow the market to bottom out without expecting the price to go up without any reason....
Great outlook. Exactly what i have been thinking about price, only i have that price target set somewhere between 2020. and 2022.
Bitcoin is something unseen until now, it is not without a reason that so many want their hands on it, it is censorship resistant and acts as a safe haven, and even politicians love that, to be able to tuck away their money. It is getting more competitive to mine and price will have to adjust. It can go lower only for limited amount of time. Rich people want it down so they can accumulate, and when we see ETF approved we will see a new wave of people getting in. Also lightning network is growing and it takes just a few big players to transact over it, accept payments with their node and that will spark the fire.
