Not financial advice disclaimer yada yada.
Bitcoin had some significant corrections after 20, 42 and 58k, but overall it's pretty much kept going up since the halvening. I think it's kind of silly to include the covid-panic into the analysis as the drop and recovery was clearly not something that would've happened without covid. If we keep going up, what's the next top? Don't know, could be 90, 100, 120 or 140k if we go truly loco. My best guess is topping out in the 100-120k zone.
From bottom to top every leg up has roughly doubled bitcoin's price, and I suspect this wave will be on the larger side if anything. I suspect this upward channel will hold until the top somewhere in June-August, followed by a break down the channel and a few months of correction/sideways, gaining momentum again towards the end of the year. And then phase 2 of the broader cycle starts. It just doesn't seem like we're going into a bear market any time soon. Hold or take profits on the way up so you can buy dips.
Bitcoin had some significant corrections after 20, 42 and 58k, but overall it's pretty much kept going up since the halvening. I think it's kind of silly to include the covid-panic into the analysis as the drop and recovery was clearly not something that would've happened without covid. If we keep going up, what's the next top? Don't know, could be 90, 100, 120 or 140k if we go truly loco. My best guess is topping out in the 100-120k zone.
From bottom to top every leg up has roughly doubled bitcoin's price, and I suspect this wave will be on the larger side if anything. I suspect this upward channel will hold until the top somewhere in June-August, followed by a break down the channel and a few months of correction/sideways, gaining momentum again towards the end of the year. And then phase 2 of the broader cycle starts. It just doesn't seem like we're going into a bear market any time soon. Hold or take profits on the way up so you can buy dips.