I seriously wonder what the peak of the next run up will be.
If old trends hold, we might see prices as high as $25000.
I find this hard to believe, but that's what the numbers say.
If it's anything like 2011 or 2013 it will go roughly like this:
first run up will be towards $1200 (old ATH), price might meet some resistance at $700~800 but will quickly break to $1000 and beyond, probably meeting a lot of resistance near $1242, dropping to sub $1000 for a couple of days/weeks.
Many might expect a new multi-month or even multi-year bear market, but within several weeks we will get another rally, this time to $5000~7000 mark. After this it will likely drop to $3000 and stay there for a while.
From here it will either slowly drop back to approach $1500 over the course of several months/years but more likely it will go into a 3rd run, where it will definitely break $10000, but likely even reach $20000 or even $25000 before finally dropping back to a relatively stable $7000 ish.
It will most likely slowly drop form there and stay there for several months. Gaining a lot of media attention. A second rally might follow several months later, in anticipation of the halving. Maybe the third rally described above will be delayed to occur alongside the halving hype, which may drive the price to even greater highs. At least for a short while. Numbers in the 6 digits are not unthinkable.
"Insert a cautionary comment about how logarithmic charts do not always maintain forever"
"Prepares butthole for the coming ass rape of the bulltards"
they usually do not, but usually the reason is because they have saturated the market.
Bitcoin has in no way saturated the market, not even close.
there's no reason for bitcoin to not continue the logarithmic trend until its well in the 6 or even 7 figures. That is when it starts meeting serious resistance because of saturation.
