So, after yesterday's bear talk here on WO we can still witness $18k+ and lil pump underway. No 20-25% correction is possible until $50-70k in my opinion. Go
BTC go.
That perspective seems a bit pie in the sky, serveria.
Sure, every exponential price rise period in BTC has differing dynamics, and surely, you can reasonably assert that there are a whole hell of a lot of circumstances (fundamentals) in this particular period that causes the UPpity movement to "be different" and to have greater amounts of fuel, yet I see no reason that 20% to 25% or even up to 50% or greater price corrections could happen - whether they be quickie price corrections over a day or two or corrections that play out over a few weeks.. and even with those incredible price corrections, the bull movement can continue..
There are a lot of incentives for BIG ass players to take advantage of momentum, including short-term trend reversals to shake the fuck out of weak hands that come in.. and sure you might be proclaiming that there are NO weak hands, but even if there might be truth to the lessening of weak hands, there is also truth to the ability to find liquidity loopholes - including that BTC prices, in the short term, are largely discovered through spot prices on exchanges.. and if you have 20k or more coins, you could surely create a considerable amount of chaos by strategically placing those coins on various exchanges and dumping the fuck out of the market in ways that also cause others to join in on the short term dumpenings.
Sure, there might be desires to rebuy some or all of those dumped coins; however, there are some BIG ass players who believe that it is in their interest to lose money in their BTC sales in order to profit in other areas.. and whether they end up being successful or not, there are still quite a few BIGGER players who can strategically muster such dumpening power at any point or time within this seemingly never ending currently playing out UPpity momentum.
ATH and then a good correction, rebuilding base.
Pump to $25,000, then a correction to $20,000 would be preferable
More likely, too.
In other words: #"We do not simply 'go to' ATH" [insert meme here].
