Halfway through 2021 before we even see 10k again according to this analysis. Just looking at the cycles.
Ready to make a bet on it ?
I bet NO at 99%.
Second that. 99.999%
You haven't even had time to watch it. Look at the cycle again. That last pump sticks out like a sore thumb. Markets simply don't do that naturally.
See what happens with Bitfinex/Tether on Monday. That may put this whole pump in a very different context.
The chart doesnt really imply 2500 in august to me, that would be an unprecedented drop straight down. But reverting back to the lower bound on the chart later this year is not unreasonable at all imo. We could revert back to the 2015 fractal and look back at it all as a libra/fed/tether minibubble that distorted the graph, had everyone thinking it was 2017 all over again, but then things went back to normal and everything smoothed out.
Its hard for me to deny the change of direction by the Fed, new stock market all time highs, Libra hype, soaring BTC dominance, and tether scare all at the same time created a perfect storm of hype and mania much earlier than we expected. Wouldnt be unreasonable for the majority of those gains to fade this year. If so its not really a bad thing but just a simmering down until the supply cuts in half to really get the party started.
Think of it as the ultimate testing of rocket thrusters for the real blast off post halving. A warning shot to all the banksters and fudsters of things to come. Just my take rn. A blast off to 20k will surely change my mind.
Yeah, but what if it ends up rhyming with 2013?
