We could be in the second parabolic phase before another 50% retrace. The next parabolic move might take us to $23,000. People will buy on the news of the bitcoin halving and sell on the event. Smart money will repurchase at a 50% discount just like the first parabolic move before bitcoin continues to its next all time high. Looking for the next all time high near the end of 2021 if history repeats itself. Today's prices will look cheap compared to what bitcoin's price will be in 2 years.