What-if the next 120 days are similar to Feb-May 2021
Updated
This is not a prediction, just a what-if scenario echoing Jan-May 2021.
Yes we are seeing continued large institutional / whale adoption. No we are not yet seeing retail FOMO yet. Much of the retail money is speculating on alts, and frustratingly getting wiped out on leveraged trades. Shiba is the new Doge. Everyone is looking now for the next Shiba.
I'm just putting out there that let's say the Bitcoin 2021 peak is around 78k there will be a lot of investors caught off guard. Is it possible the local peaks are above or below? No doubt possible. There is also some speculation that the final ATH peak comes in around Feb-April next year, and if all this would play out, that would put our next wave in at 100k and then distributing up to 180k range.
Just a thought experiment at this point.
Yes we are seeing continued large institutional / whale adoption. No we are not yet seeing retail FOMO yet. Much of the retail money is speculating on alts, and frustratingly getting wiped out on leveraged trades. Shiba is the new Doge. Everyone is looking now for the next Shiba.
I'm just putting out there that let's say the Bitcoin 2021 peak is around 78k there will be a lot of investors caught off guard. Is it possible the local peaks are above or below? No doubt possible. There is also some speculation that the final ATH peak comes in around Feb-April next year, and if all this would play out, that would put our next wave in at 100k and then distributing up to 180k range.
Just a thought experiment at this point.
Note
Watching the price activity has been very interesting. Will we move up from here to hit that second target?
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