I'll have one of those 449% up months please
Personally, I would consider 449% in one month to be close to impossible from where we are at currently.
On the other hand, getting 449% within 4-6 months seems within the realm of possibilities.
Remember between April and June 2019 we got 330% (from $4,200 to $13,880)..
If we measure the December 2018 low until June 2019, which would be from $3,124 to $13,880), then we get a 444% price run. It is possible that we have more extreme conditions today that could justify getting up 449% more quickly, but I consider it to be quite a difficult aspiration to actually consider to be very realistic.. and so maybe we could just speculate that 449% from $17,593 would be $79k and 449% from $20k would be $90k.. seems a bit much .. .. but it would surely end up recking a lot of bears, fence sitters and bitcoin naysayers.. too good to be likely, for sure.
lower bottom or not, I think of a major bounce in the next 2-8 wk, maybe even into September.
SP500 to 4300 (at least)
btc to above 28-29K (at least)
next couple of days are less clear, though.
This bear market is different and even more unpredictable than usual. For the moment it looks like any 5% increase is followed by a 15% drop. Nothing has changed since the last ATH. And this can only be explained by a massive
BTCictoin spending as collateral to avoid liquidation and insolvency. Nobody knows if in the next days another fund will explode with 10K+
BTCitcoins on fire sell. For that reason most of the investors either lost interest or wait at the sidelines for the dust to settle. The so called institutional investors are hard to attract and even harder to keep when the price is 50%+ below their purchase price. Even if there is a disbelief rally to 35K+ in the coming weeks, the remaining institutional investors will sell at break even and some of the hodlers will sell something, knowing that a revisit to 20K is to be expected. If the pattern of the previous cycles is kept, the average price will gradually increase to 3x from the bottom until the end of 2024. Examples: 10K->30K, 15K->45K, 17.5->52.5K. And if there is a new ATH in 2025, it might be around only 2x from the last, i.e. 140K. This is what I think, but I might be awfully wrong in both directions, like sub 10K bottom and no new ATH in 2025, or the other extreme - a new ATH beyond 300K.
You seem way overly bearish (conservative) than your usual posts.
When We can say its the bottom.
Well Voting says its not and news and Analysts are confused 🤔.
To Bring out a solution I was considering if market doesn't Crash more on Bad news constantly thats yhe bottom but on 1st of July i was proved wrong that market showed a great Uncertainty and crashed again so I'm now sure thats not the bottom by the way.
For sure it is not easy to proclaim whether the bottom (referring to $17,593 from 6/18) is "in" or not based on short term price moves within a $18.5k to $21k range. Sure, breaking out of the price range could be helpful, but still there can be fake outs in the short-term, too.
Once BTC goes 200k I'm off to that tropical country too. C'mon Bitcoin
Oh. I see. You are not asking for too much.
A mere 10x from here..
easy-peasy, no?
Protests are ongoing in the countries but who cares
That's why we need another "pandemic," but oh shit, already played the pandemic card, it is going to be difficult to play that card again.
I heard that aliens do not like protests, and since the aliens are almost arriving, everyone needs to stay inside in order to NOT provoke the newly arrived aliens (who eat peeps who protest..and sometimes just eat half of the protester while spitting out the other half.. ). Might need to shut the internet off too, just for precautions for the anticipated serious upcoming alien eating group gatherings situation. They do not tend to eat people as long as you stay more than 10 fee apart.. 20 feet apart works even better.
