No one honestly really knows, but here's my guess: I personally think the bubble is going to pop soon. We've what? Pretty much tripled in price in a single month? That's really too much. I could really see a sharp drop(though hopefully not lower than $5,000), as we've had alot lot of weak hands from clueless investors (even some guys grandma probably went full FOMO). The huge number of "bitcoin will make me rich!" investors will probably have a sort of domino effect of selling offers after a drop in price, hence making the drop alot bigger.
- just my 2 satoshis
- just my 2 satoshis
$5,000 is too low, I think $10,000 could be a strong support, there are way too many investors with waaay too much fiat ready to buy, and $10,000 is an attractive entry point now, which may pull enough traction to keep growing from there.
$7,500 was the previous highs at the double top before we went parabolic, that's as low as I see it.
But this could be the START of the real parabolic move for all we know. Remember that bubbles are impossible to discern in a completely new asset class that's limited in amount forever... good luck with that, id rather not risk my position and just hodl and buy the dip.
