Price musings as of 2/21/22
Well boy oh boy. What a moment in history. I feel like we are seeing the world unfold into something so different and in some ways frightening. Bitcoin has reached a point most of us here have been talking about for a very long time. Both the value of the asset, and the knowledge of it in the world. We are in all kinds of uncharted territories in every sense. Wars, rumors of wars. Free nations pivoting hard to totalitarianism, and old enemies rattling their sabres after over 70 years of relative peace.
And bitcoin is "at the end of this cycle top". At least that's what it looks like. And not only that, but we are at an inflection point. Where we are right now is often followed by one of three things. A rally, a dead cat bounce on the way down 'till the next halving, or a capitulation event.
I think it is most likely the latter. Bitcoin is going to take a sever hit here... perhaps an unfavorable executive order from the US government. Or some sort of FUD or selling. The most recent of these events have been DEC 2019, March 2020 , oven as recent as this last summer:
![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2Frj9tAyu.png&t=663&c=uH0RcnAdr4HKxg)
These capitations are when our spirits are broken, or when the permabulls buy the hardest. And then they are followed by a climb.
I think this is a real possibility right here. But, of course, no one can know the future. We could also be in the no mans land on early 2018 where we endured a long slow grind before finally having the capituation event. Or it is possible we start back up from right here... but that seemed much more likely weeks ago. At this point we have broken a lot of support...
Anyway. I certainly hope we do not freeze the death in the coming bitcoin winter.
But there is one thing I *WILL* put money on. That is we are in for a wild ride. I just don't see two ways about that. Something big is coming, I think.