BTC will not go that low anymore. It's extremely unlikely that this scenario would actually work out. I'm more likely to get punched in the face by a Kangaroo in the middle east than see bitcoin go to $1,000 again...
SebastianofMoon
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It looks very similar indeed, but such a brutal and prolongued bearmarket, staying at the 1000 level for over a year, is a very extreme scenario, but not impossible of course. The halving effect will kick in the second half of 2020, so the rise probably should start a little earlier. But apart from that, excellent chart! And don't listen to critics, just because people emotionally do not like a scenario, doesn't mean that btc won't do it. BTC does what it wants, and leaves a lot of tears in its path sometimes. Only the strong will be rewarded. Cheers !
Yu-Kiang
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Could, or couldn't happen.
Institutional money isn't dumb money, they wont be market buying BTC, they'll probably focus on slow accumulation.
But at the other hand, there's way too much institutional money, which wants to get first into the markets. This is the only reason I think your scenario isn't possible. It's a chart full of market cycles, looks similar, can agree with that.
My scenario is like 2.8k, worse case scenario I want to happen, then uptrend and accumulation from 3-5k for few months (After BAKKT launch), then explosion somewhere in April