.....................
If, by next year's end,
Price is still at 5 digits,
I will drink your tears!
.....................
I have heard some not unreasonable assessments that the BTC price could go up 3x to 10x from here, but then correct back down into the 5 digits - and yeah, not getting out of the 5 digits prior to the end of 2025 would be one thing, and correcting back down into the 5 digits would be another thing.
Frequently, how far we go up and how long we are able to stay up may well end up affecting the severity of the down, yet at the same time, prior to 2022-ish many of us (including a lot of folks who ended up getting quite reckt) speculated that BTC prices would not dip below the 200-WMA, unless such dips might merely be short-term and not too severe spikes below such threshold levels.
Yet we experienced a fairly extensive period of time of much of 16 months below the 200-WMA between June 2022 until October 2023, and there was a decent amount of time more than 10% below the 200-WMA with the greatest spike below the 200-WMA being 36% below.
In any event, it still seems that spending more time at higher prices has somewhat of a Lindy Effect that seems to make it somewhat more difficult to deviate as much from the gravitating price points, which has also been described as a Power Law, too.
Based on how much BTC demand seemed to have been flowing through the ETFs caused me to consider that we had decently good chances of reaching $120k to $180k this year and then potentially consolidating somewhere in that range, and surely I am not very excited about theories of going to 6 digits and then returning back to 5 digits, since I was thinking our top for this cycle (meaning by the end of 2025) would be somewhere north of $220k and perhaps even north of $400k, and I am not even opposed to the supra $1 million scenarios.. though it could be a wee bit too soon for those supra $1 million scenarios to play out and even feeling a bit looney just mentioning them, even though I likely would not even be assigning greater than a few percentage point odds on something like that for this cycle anyhow.. but I sill likely come off as a bit looney just for mentioning such.
Poll
