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Why does it appear the Bull market has started much sooner? In 2015 the accumulation lasted for 9 months, this time it appears it only last 5 months.
Perhaps its because everyone anticipated it to last 9 months? the same way many anticipated the bear market to last longer than 2015 and to reach $2,500, which it didnt.....However you see Bitcoin rallied in 2015 from $160 to $500.....if that were to happen again we would see a rally to somewhere between $8,000-$10,000 before retesting $6000 one last time.
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I wonder how those people who didnt buy at $3200 because they wanted $2500 feel right now? Could have been up 80%-90% already....now they must pray Bitcoin falls to maybe $4000.......
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Personally I would start with converting the shitcoins to Bitcoin, you would need a 10x to break even so about 50k Bitcoin (which will happen if Bitcoin succeeds), I would personally also dollar cost average in to lower your break even point. None of this is financial advice but if you believe in Bitcoin this will help recuperate your losses.
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It accurately showed the top in both 2013 and 2017, it also accurately showed the bottom in 2015, and it appears to have shown the bottom in 2018.....now this can be up for debate but it is also showing that the accumulation period has been much shorter than last time and is possibly over. If the RSI goes above 54 then it could be off to the races, we are pretty much at a resistance point right now, however when it reach this RSI level last time, the Bull run was at the very beginning. I would keep an eye on that, if it gets rejected then we will likely see a double bottom for the RSI which would make a lot of sense, however if it breaks through the bull market is likely on, it also would probably Bitcoins price is somewhere above $6000.....  *someone quote my image, im a newbie  |
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He we go again, probably will be test $5800 by days end......
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I got out of work and looked at my phone, loaded up coinbase app, looked at the price and thought my app was broken and had loaded an older date or something.
Bitcoin actually did it, it broke the resistance levels, the downtrend, set a higher high, etc.
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Trump just attacked the FED again. Time for the FED to go, imagine if Trump finally rids the world of the FED!?!?
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Today I find an interesting graph about bitcoin price trend, this chart predicts the possible price of BTC in the upcoming fourth bull run From the first bull run to the upcoming fourth bull run, bull runs usually become more prolonged, and a bit less intense over time. In the fourth bull run, the highest price of BTC will up to $160k in September 2023 rather than 2021 commonly assumed, and in October 2019 BTC will crash down $3000, from October 2019 to January 2020 is the lower price period of BTC, and it will be the best time to invest. What this chart presents matches up with an article I read earlier, the gist of that article is that the lower point of BTC price may appear after September 2019, rather Jan 2019 I don’t know what algorithm does this chart uses, maybe itself no algorithm. what you do think about the viewpoint of this chart, please leave your comment or viewpoint. image url： https://ibb.co/TK5my5TI like Tuur Demeesters chart more. He nearly predicted 10k to the date years in advance.... https://twitter.com/tuurdemeester/status/545993119599460353https://pbs.twimg.com/media/B5PB2WMIYAIkr6s.jpg |
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Since 2017 after bitcoin got its all time highest, the market has kept it down and there has been no real sign of going up again, but when will it get back to its all time highest?
If the history repeats exactly then we may have $20k levels by end of 2020. I mean if you agree that 2017 was a repeation of 2013 (both the years are having then ATH of $1200 and $19.5k accordingly) then we had similar incidents of 2014 in 2018 and we may have sideways movements in 2019 which was exactly happened in 2015. and in 2016 market slowly recovered and by end of December 2016, bitcoin market was trading above $900 but tested $1000 in the first week of 2017. Roughly, the peaks of current ATH may be test by 2020, because we will have halving on that year. But, when considering the current popularity and infrastructures of bitcoins ecosystem, a new ATH may be possible even within this year too as everything is possible by bitcoin markets. Early 2021 is when we will see an all time high again. However in 2021 we will also Bitcoin run from 20k to 200k-300k by years end. |
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Its only in its longest bear market if we haven't hit bottom. We may have hit bottom, may have not.
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Its interesting if you look at Bitcoin on the weekly, this looks like capitulation more so than it does in 2015 on the weekly.  |
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i think it makes sense a lot but my question remains what would happen when the 21 bitcoin possibilities become exhausted?. what if by then big businesses adopt it for their daily operation? can the price of 1 sats then reach 1 dollar! or would there be an adjustment on the blockchain code to produce more?. I need your view as an economist
Not produce more bitcoin but they can certainly can break 1 sats into 10, or 100. |
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I'm happy for those who listened to you and now have more Btc in there disposal but what if bubble never happened? It would have been a terrible lose ,as for me I'm in no lose I'm still not selling ,I will hold for years to come and keep on buying more ,its win win for everyone unless we sell
What about the people who didn't listen and watched it go up to 12K mere days after he posted this, and then sold at prices twice as high as he was telling people to sell at? |
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Btc hitting 100k in the future would seem like a formality if it can reach its potential. If the bear and bull market cycle continues we'll likely see $100k bitcoin in perhaps 1 but probably 2 more bullish runs. I think next bull run we might come close but eventually fall short.
You have to consider FOMO, the last bull run, I think A LOT of people thought when we reached 10k that it would then begin to correct, of course a few weeks later we hit 20k. I could certainly see something similar, in which we hit 100k and then run up to 200k, or we hit 200k and run up to 300k and then correct..... |
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I don't see BTC jumping back up that high anytime soon. Last year's burst was because of hype feeding into more hype. It was unnatural growth and unlikely to happen again. Will bitcoin hit 20k? Yeah, sure, maybe. But not like a rocket like last time. It'll be a more organic, slow growth.
I agree however it will probably be similar, in which once when we pass $20k, then it will build toward $30k, $40k, $50k, and then the FOMO takes it past $100k $20k is the new $1200. |
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