Per my last published idea, Institutional money wants no part of spending all they money on BTC at highs we have seen. They like where we bought in below 2K and will fight like rabid animals to get that price. Will this happen? I have no idea, but it's naive to think it's not possible. MOST of the existing BTC is not in the market place, it is being held for 2021 to become the bankers of the new paradigm upon the death of FIAT money, which I do believe is in process now. Centralizers such as banks and government don't want BTC to survive, but one the FED coin gets released (yes it IS coming) and dumps like a junk coin always does, the people will get a say and all the good natured people that held their BTC for this time to come will be part of bringing the PEOPLE back into power once again.
Just a thought, flame it or support it, I don't care just THINK about your future and not just tomorrow or next year.
I also do think there will be a big BTC fall. I am not sure if so far as 2K but everything is possible in the crypto market (even a reversal upwards, but that seems unlikely). The current BTC chart fits perfectly to the market cycle we all know. This guy says party is over twitter.com/spiralcal/status/943886376050847744 Although a bold statement, everything is possible. From my side, profits locked and waiting for the next hours/days.
CrytpoKotter
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@DavidSanchez, Hi David, thanks for the input. I am going to post more scenarios and I think you may be right about 2K being a little over zealous to the downside. Myself, I haven't taken any profits to usd but have been trading in alts that have been making gains vs. btc during this time. My USD value is about what it was when BTC hit 20K so far which will be sweet when BTC goes back up again and I'm most in BTC again! woohoo