I don't think we recreate that slope of early this year.
I don't really think so either, but more because of how recent the last bubble was.
It takes more money to push us from $200-$500 than from $30-$250.
That's the nature of exponential growth. The net bringing in new users is a lot bigger now than it was 9 months ago. As market cap grows to higher orders of magnitude, so does the leverage to bring in higher orders of magnitude of money.
Plus the higher we go, the more potential we have for early early adopters to start profit taking. Many missed out on the 2 hour window on April 10th and will want to make sure they get in on this.
It is always like this. The old ATH at $32 brought some profit-taking, but $32 was left in the dust pretty quickly, and that itch was a lot fiercer than $266. The consolidation below $32 was only about as long as the consolidation below the round figure of $50:
So I agree overall, but for different reasons. I think we
may go to $1000+, but more likely this bubble will be smaller and take us to $600+ instead.
(Yes, I had several people buying at that price)
