What if BTC stayed SUB-8K for NEXT 5 YEARS?! Ultra Bear Scenar.
What if we didn't see these prices again for five years? Do you think you'd stay in Bitcoin for that long? Why? Why not?
I seem to recall seeing a chart somewhat similar to what I've done here many moons ago, but I don't recall where or how.
But it paints quite an "interesting" picture to put it mildly...
Bitcoin seems to Love patterns - sometimes called "fractals..." This isn't something I'm going to go into too deep here, but, it is my belief that the trajectory outlined above is one which any reasonable mind could deduce and conclude, based on simple reason and observation (and a little creativity :)
Basically what we're seeing in this chart is my inferences based on the previous patterns and moods of BTC: showing we might be entering a serious if not the "final" stretch before we travel up to that final plateau of 100k.
But it appears the journey there may be panning out quite a bit different than I Ihad anticipated... Though, if I'm honest, almost the very moment I drew this chart, and saw what it seemed to be telling me, you wanna know what I felt? I felt Relief... Why? Because it just seem to make so much sense...
As unpopular or "unexciting" as a 4 year Bear Market may be, it surely isn't something any hodler of said asset would probably want to hear.... BUT, I truly truly believe that if this thing is to be around for the real long haul, this could turn out to be a very, very plausible scenario.
I like to call it "the battle of the halvenings" (denoted by the Vertical Orange bars...) And this "dead zone" looks like it will basically persist between the next Halvening event and the following one happening in around the winter 2024, possibly not even reaching our Present Levels of 7.8k USD for another year after that! It is true these "calculations" are certainly rough; but, they are close enough to get the idea, surely.
How could this be good, you say? Well, it will be a REAL period of "relatively" stable currency, for one - evening out at around the 5K median or so... Also, this would give plenty of time for True, not only adoption, but actually Building the technologies to be adopted. After all we're Just now really seeing the space truly start to spread its wings... During this time a Stable currency with a period of "head down, eyes forward," in the scheme of things, five years is Nothing....
I'd love to hear others' thoughts on this...
Tl;dr: Bear Market next four years between the Halvenings... Won't see 8 again for years... Old ATHs not returned to (i.e. 20K USD BTC) until Summer 2027ish, and then soon after, 100K by that Fall.... Am I off? Wayyy off? Little off? Iknow I'm "off," but, you know what I'm mean, ya'll... ;))
Thanks for reading!!
Donations:
BTC: 17NMvqjzNqjLrANAU6YPdfUa1kmnzKDwhp
ETH: 0x58535641d4977684e5FbE82249b2eB6505a16953
I seem to recall seeing a chart somewhat similar to what I've done here many moons ago, but I don't recall where or how.
But it paints quite an "interesting" picture to put it mildly...
Bitcoin seems to Love patterns - sometimes called "fractals..." This isn't something I'm going to go into too deep here, but, it is my belief that the trajectory outlined above is one which any reasonable mind could deduce and conclude, based on simple reason and observation (and a little creativity :)
Basically what we're seeing in this chart is my inferences based on the previous patterns and moods of BTC: showing we might be entering a serious if not the "final" stretch before we travel up to that final plateau of 100k.
But it appears the journey there may be panning out quite a bit different than I Ihad anticipated... Though, if I'm honest, almost the very moment I drew this chart, and saw what it seemed to be telling me, you wanna know what I felt? I felt Relief... Why? Because it just seem to make so much sense...
As unpopular or "unexciting" as a 4 year Bear Market may be, it surely isn't something any hodler of said asset would probably want to hear.... BUT, I truly truly believe that if this thing is to be around for the real long haul, this could turn out to be a very, very plausible scenario.
I like to call it "the battle of the halvenings" (denoted by the Vertical Orange bars...) And this "dead zone" looks like it will basically persist between the next Halvening event and the following one happening in around the winter 2024, possibly not even reaching our Present Levels of 7.8k USD for another year after that! It is true these "calculations" are certainly rough; but, they are close enough to get the idea, surely.
How could this be good, you say? Well, it will be a REAL period of "relatively" stable currency, for one - evening out at around the 5K median or so... Also, this would give plenty of time for True, not only adoption, but actually Building the technologies to be adopted. After all we're Just now really seeing the space truly start to spread its wings... During this time a Stable currency with a period of "head down, eyes forward," in the scheme of things, five years is Nothing....
I'd love to hear others' thoughts on this...
Tl;dr: Bear Market next four years between the Halvenings... Won't see 8 again for years... Old ATHs not returned to (i.e. 20K USD BTC) until Summer 2027ish, and then soon after, 100K by that Fall.... Am I off? Wayyy off? Little off? Iknow I'm "off," but, you know what I'm mean, ya'll... ;))
Thanks for reading!!
Donations:
BTC: 17NMvqjzNqjLrANAU6YPdfUa1kmnzKDwhp
ETH: 0x58535641d4977684e5FbE82249b2eB6505a16953
Comment:
Weeeelp. THIS was wrong... Oh well! I was able torecognize my mistake in engh time to pivot and go long... Hoopefully that pans out!!
