I publish this idea as reference to myself and how I perceive the market at this time. It will be interesting to see where we go and comparing it to this idea.
I think we still have some way to go down and 18k being the absolute worst case lowest. However, we may not see this low because the space has many more hodlers and retail and not as much panic selling happening as previous years, I will be a buyer at 25k.
That said, I only see a 4x from this low. therefore my top ranges between 72 - 100k, and that's when I finally settled on 93k top.
The only thing I am still extremely unsure of is how long it will take us to get there, and that's why I have 2 predictions based on 2 theories namely lengthening cycles and 4 year cycles. Prediction 1 is based on a lengthened cycle theory which means we may be really close to the bottom, or 4 year cycle means we have some time still till we reach the bottom and then move up slowly to 93k.
The second seems much more plausible at the moment.
None of this is financial advise.
I think we still have some way to go down and 18k being the absolute worst case lowest. However, we may not see this low because the space has many more hodlers and retail and not as much panic selling happening as previous years, I will be a buyer at 25k.
That said, I only see a 4x from this low. therefore my top ranges between 72 - 100k, and that's when I finally settled on 93k top.
The only thing I am still extremely unsure of is how long it will take us to get there, and that's why I have 2 predictions based on 2 theories namely lengthening cycles and 4 year cycles. Prediction 1 is based on a lengthened cycle theory which means we may be really close to the bottom, or 4 year cycle means we have some time still till we reach the bottom and then move up slowly to 93k.
The second seems much more plausible at the moment.
None of this is financial advise.