Would you say, hypothetically, if BTC prices are able to convincingly break above $4k, then 1) such prices will not necessarily get repelled at the $4,200 level again, or 2) maybe have the next challenge at $4,500 or 3) there is no real resistance until getting in the upper $4k arena or sub $5k arena?
Hitting and holding $4k will be a huge victory but nothing will be easy after that either. I have previously said it will take until December for us to reach and hold $6k and we will have to fight every step of the way. This will be a war of attrition and accumulation.
It will not be pretty but it will be upward on average.
$4K or $6K by Decemeber 2019,the price will reach new heights on the next halving so we need to ready for the another bull run before end of 2020.
Am I right?
New ATHs have not come before or even at the time of the halvenings, but several months (and maybe even more than a year afterwards).
I doubt that this upcoming May 2020 halvening is going to be much different in that regard. There is a kind of expectation that the halvening should be "priced in" because it is a known event, and should even really be a known dynamic; however, there seems to be so much god damned stupidity out there, not only in terms of so called smart-money, but also the population and even the spreading of opposite FUD.
So there continues to be a dynamic of ongoing attempts to manipulate BTC prices as low as possible and for as long as possible (which I suppose could be considered kind of smart in and of itself for the smarter bearwhales to accumulate BTC); but such strenuous downward BTC manipulation tendencies has tended to exacerbate pushing the price way below value and then a subsequent violent and seemingly unrealistic reaction in the opposite direction causing FOMO, pumping and just upwards price movements beyond anything close to reasonable.
Of course, I am always receptive to possibilities that history is not going to repeat itself, but ironically, with the passage of time, we are likely going to find ourselves experiencing a similar pattern as the historical ones. The longer term BTC HODLers will continue to b surprised while at the same time NOT being overly surprised, while at the same time we won't be as surprised as the folks who are way newer to the market who will be exacerbating the FOMO, including the previous BTC no coiners and BTC naysayers who will likely be more surprised than long term BTC HODLers because they will be buying on the way up.. and long term HODLers will be continuing to struggle with some dilemma regarding when exactly to sell, and how much to sell, if any.
