Are spectacular returns over for bitcoin?

[Sled]

BTC continues to move rapidly, at present after achieving a low ever since it seems to have a strong trend upwards and as always BTC is far more rapid moving then most assets.   Price tends to spike into periods of positive action and sometimes the opposite but overall its clear that BTC vastly outperforms most normal markets in the range of its gains, this comes with much volatility so beware of relying on regular returns.

The market is yet waking up to the speculation that bitcoin may hit $70k this year and taking the run from last week standing above $40k is a good start for the year and hopefully we can keep seeing the bull riding upfront. Today price is looking good at $44k hitting of more high is just around the time with binance partnership with Forbes magazine.

The partnership of Binance with Forbes may really of help when it comes to not spreading lies and nonfactual crypto-related articles. Definitely, this partnership has motives in terms of marketing, promotion of binance platform. But also, in the process, binance team has also the privilege to say something if their journalists are writing negative articles towards crypto especially if they are not supported by facts. With this high-value collaboration, some people may take a look at binance or other crypto sites and will be soon part of crypto community, which means, more adoption.

More adoption, more lies can be seen and even Binance can't control such a thing. Well, these journalist has a huge impact on the market once they spread wrong information as any people are still reliant on them rather than instead of asking into the site itself. Negative news, FUDs, scamming,  anything bad can be heard around but this will never stop the growth of Bitcoin and certainly, we'll see its spread and more adoption.

[Quidat]

BTC continues to move rapidly, at present after achieving a low ever since it seems to have a strong trend upwards and as always BTC is far more rapid moving then most assets.   Price tends to spike into periods of positive action and sometimes the opposite but overall its clear that BTC vastly outperforms most normal markets in the range of its gains, this comes with much volatility so beware of relying on regular returns.

The market is yet waking up to the speculation that bitcoin may hit $70k this year and taking the run from last week standing above $40k is a good start for the year and hopefully we can keep seeing the bull riding upfront. Today price is looking good at $44k hitting of more high is just around the time with binance partnership with Forbes magazine.

The partnership of Binance with Forbes may really of help when it comes to not spreading lies and nonfactual crypto-related articles. Definitely, this partnership has motives in terms of marketing, promotion of binance platform. But also, in the process, binance team has also the privilege to say something if their journalists are writing negative articles towards crypto especially if they are not supported by facts. With this high-value collaboration, some people may take a look at binance or other crypto sites and will be soon part of crypto community, which means, more adoption.

More adoption, more lies can be seen and even Binance can't control such a thing. Well, these journalist has a huge impact on the market once they spread wrong information as any people are still reliant on them rather than instead of asking into the site itself. Negative news, FUDs, scamming,  anything bad can be heard around but this will never stop the growth of Bitcoin and certainly, we'll see its spread and more adoption.

Cycle would continue and get used into those Fuds,false information or news circling around because this community isnt surrounded by the same people who do share up on the same thoughts.
There's always those people who are criticizing and focuses more on negatives rather than positive of Bitcoin.

[STT]

70k this year seems quite reasonable though Im not bullish enough to believe we pass that or even sustain that high.  I think we rise, we get some highs then sell off and repeat.  Some will be disappointed but its just more of the same and on a multi year basis its very positive price action imo.   We are certainly rising but Ive always said its not a good idea to want this to occur all in one year, its too brief a time; gradually is far better for accumulated gains.

[lixer]

Below 20K? It will need a major FUD for that to happened since the only for the price to go that low is when institutional investors already sell all there holdings. There is no way that retail investors will dump hard the price in the face the institutional investors. Below 20K price is a good price to enter but the main question is when will it happened.

Waiting for the price of bitcoin to drop to $20k is very unlikely to happen, look at the decline last month bitcoin only fell to $30k especially now bitcoin has started pumping itself again to the price of $42k and $43k.
Maybe if he had bought at $30k yesterday he would have made a slight profit of around 13% now.
I am sure that investors are still holding on to bitcoin until now, so the price of bitcoin can still survive.

We cant just based on the events that happened last year 2021 but we can also based on events earlier than that year. Same when we expect higher pumps, we aren't only basing on the year 2021 or 2020 but we use the year 2017 as reference.

Everything is possible especially in cryptocurrency (like what they always say) so as 20k dip for btc although I think it will be harder now for it to happen because many people have learned their lessons from the past, add in the new people that constantly enter this market. Anyway we can still buy at 30k or 40k levels since it's expected that btc are mostly going upwards than downwards.

[Poker Player]

Bump.

With the recent developments, with the price clearly dropping from the ATH of the previous cycle, I believe it is relevant to bump this thread.

To what I was saying in the OP, which was based on not making more than 3.5 the ATH of the previous cycle, add this.

I think from now on the predictions are not going to be as bullish as what we were seeing in the second half of last year.

And that technical analysis based on a repeat of the cycle pattern has been proven wrong.