This cycle it must go higher for that to happen. 1600 top and 500 bottom, that's only a 70% correction during a bear market, nah. The bottom will be lower if this cycle top is only around 1600.
@gigabyte3d, I believe that can be possible, but if it will actually happen is another story. Only thing that is certain is that it will probably take longer than most people expect.
hurabey2131
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@testertje777, How long do you think it will take? 3? 6 months?
testertje777
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@hurabey2131, It all depends on how bitcoin is going to act, eventually no one knows what will happen. Given the fact that bitcoin hasn't done much in 2021 and is currently also not looking very attractive, I am not so sure that bitcoin will top out in Q1/Q2 2022. Personally, my bet would be more somewhere in Q3/Q4 2022, and depending on how things develop in 2022 I would like to think even more extended as in Q1 2023. This sounds very illogical currently though and is way ahead of time to tell. Not sure how Dash will act in the meantime, but I guess it will make its biggest moves once bitcoin gains flow into Dash.
ALTCOIN_BEAST
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@testertje777, Yeah that makes sense BTC has to top off for money to flow into alts, anything can happen lets wait and see!
ALTCOIN_BEAST
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@gigabyte3d, Potentially or it could touch its ATH and drop back down.
ALTCOIN_BEAST
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@testertje777: That's not always the case, go and look at LITECON, you can see it peaked up to its ATH and never broke it and then dropped back down!!