If true as to 20% unemployment and Q1 and Q2 are more disappointing than already expected we will hit lows of 10k-13K due to panic sells and global recessionary period.
From here only the actions we take will define the future of 2021. We could see a stabilizing period, or a very hard depression that will take a minimum of 2-3 years to recover from. monthly scale looks like BTC in the end of 2017.
Recent years of low interest and hyper speculation has created an unstable bubble. Trump does not know how to bring news into the market with out stirring the pot. If trends continue we may visit previous highs.
I see bitcoin recreating the scenario of 1300-1300 cup and handle and slingshot to 20K$ happening again except the slingshot at the start of 2020 will be dramatic all the way to the million dollar mark.....remember that japan olympics 2020 is trying to have over 250,00 vendors accepting bitcoin... Bitcoin has proven to be irrational and not to follow text book...
ETC missed the January Bull Run, ETC has been correcting for over a year and is due for a massive violent upward movement. ETC will suprise many and will make many early adopters happy in the coming weeks. Expect to finish the year in triple digits before correcting to high double digits.
correction trend is coming to an end. Selling has slowed, buying and selling are becoming more and more flat. Price is becoming tighter and tighter between 4000-7600 range...bitcoin will pop to either direction and when it does it will do it very dramatically... Outlook is positive as to billions of dollars will not let bitcoin disappear. If there is money to...