Here is an overlay of the 2013 and the 2017 bullruns, over the current trend.
Bitcoin might decide to do something similar, or of course something entirely new.
In both cases, BTC would top at between 200-300k, and would overshoot the upper band of the current trend channel.
It did undershoot it with the Corona flash crash, so why not overshoot? The trend is being written as we go along and it is not something that is set in stone.
So, in the 2017 repeat case, we'd have the top already in April. Sounds insane, but that's how fast BTC rises in the last weeks of a bubble phase.
In the 2013 case, we would now see a decline and sideways into the low 30k area, and then a second run at the end of 2021, with a peak in early 2022.
Either way, it will be an insane time :)
Bitcoin might decide to do something similar, or of course something entirely new.
In both cases, BTC would top at between 200-300k, and would overshoot the upper band of the current trend channel.
It did undershoot it with the Corona flash crash, so why not overshoot? The trend is being written as we go along and it is not something that is set in stone.
So, in the 2017 repeat case, we'd have the top already in April. Sounds insane, but that's how fast BTC rises in the last weeks of a bubble phase.
In the 2013 case, we would now see a decline and sideways into the low 30k area, and then a second run at the end of 2021, with a peak in early 2022.
Either way, it will be an insane time :)
Comment:
Due to DXY pumping, the chances for the 2013 fractal have increased:
But I am inclined for 2017 because of the giant stimulus package.