I must reveal that this moment feels a bit weird.
We are a bit more than $1k from the All Year High, and there is a kind of feeling that the AYH is right around the corner, that it is a kind of given, that it is currently being tested - even while there remains another $1k to go.
Isn't that strange? As the price gets higher and higher, $1k changes become smaller and smaller percentages, and that quantity of price, just kind of whizzes by. Just today, we already had more than a $1k change in price in the UPwards direction. Go figure.
Yes its strange. I find myself way less sensitive to 1k swings up or down than in 2017. The 10k swings up and down are gonna be the new pants shitters after the halving. 100k party will have a lot of phone checking as we swing up and down in huge increments we arent used to.
Yes, terms of such talked-about $100k party remain somewhat unclear, which might also factor in to where BTC prices might be by the time such proposed party takes place. Accordingly, there are a lot of scenarios.
One scenario would be a peaking above $100k and thereafter the BTC price crashes down 80% or more, which brings us about to our current price, which might NOT seem like a reason to party.
Another scenario would be for the price to go much above $100k and crash or no?
A third scenario would be experiencing some kind of correction that is either above $100k or within 20% of $100k which would be amongst the more bullish of reasonably possible scenarios.
Of course, a more outlandish scenario that goes to $1million and then 90% corrections would seem less likely at that point, if BTC's marketcap became so high, but surely the higher BTC's price, the more likely $10k and higher daily price swings are going to become, and hopefully us then filthy rich would not be batting any eyes at such BTC price swings whether checking our phones or otherwise.
I mean on a percentage basis, I expect the BTC price swings to become smaller and smaller with the increases in BTC prices, but on an absolute dollar level, such price swings would become greater with increases in BTC prices.
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