Given the fact that BTC has almost finished (if not already) its bull run for this cycle, i've made a my humble prediction of what to expect from the price long term.... The cycles could happen faster or slower, no one can predict such things. The point i am trying to make here is that we shouldn't expect to much from it. Expectations that it will go above 200k in this cycle are absurd and i don't want retail investors to get racked by thinking that. BTC investment is for a long term and not to just make a quick buck from it. By the year 2030-35 we could definitely see prices above 500k per BTC, maybe close to a million, who knows. Prices will became more stable and that is one of the thinks why institutional money is waiting for.
If you are thinking of investing in it, now it is simply not the right time. Mainstream media will always try to lure you to invest at the top and sell at the bottom with one scary news. Some thinks never change in this market and that is one of those thinks. Be well.
I am not a financial advisor, so non of this should be taken as a financial advise. I could be very wrong about all of this, even though i am in this space for a while now. BITSTAMP:BTCUSD
Nice long term idea for now a breakout looks possible to 59K trend
CR35
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@watchtrend, I think in simple terms, we have to break above 59k to get some conformation that the top is not in yet
cryptololo33
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End of BTC bull run... lol
We are half way. We did not have a blow off top and alts/BTC have just begun poping..
CR35
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@cryptololo33, I didn't say that it is over, i sad that we have no conformation about that yet. The blow of top could of course still be on the way. Also we first have to break above 59k to get some kind of conformation of a blow of top
Broom
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You forgot to adjust for additional money supply starting in year 2020 and beyond..
Berkley101
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bull run over for this cycle? it was the 1st of 3, at least 2, bull waves.... ATH approx. in Dec 80-250k...
CR35
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@Berkley101, could be, there is no real conformation that it is yet, if it falls more whith a new low and not setting a new highs in short term we can say that it is over... till then anything is possible.. you have to understand that this ATH is already 3x its previous high in 2017, which is very high. Also a coinbase ipo was when btc made a new high, and those thinks usually happen on tops.