If it plays out like how it did in 2016, how many "x" can we get from here? From $300 to $20k, it did 66x last time.
If we manage to get half of what happened the last time, $6.3k x 33 = $200k. Drooling right now.
TA says the next ATH will be minimum $50k, max $100k... So I don't really expect anything higher.
This looks so bullish, I might break my own rules and go FOMO. I am really trying hard now.
From 3200 (not 6300) is equivalent. That gives 'only' 100k . There would be a lot of 'price work' , in many waves, needed, so patience is required. Another 4 years is quite likely (see my post above)
Put it this way. In 2015 we penetrated the 200 Weekly MA which was at $244. Let’s take that as our conservative bottom, and say that the drop to $1xx was an aberration. From $244 is about 80x to $19,666.
80x from $3144 which was slightly below the 200 MA Weekly is about $250k in 2021.
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