Let’s compare this bull run with precedent ones, notably 2017, 2013, and 2011.
Why is this Bitcoin bull run different? - DecentraNews - Metaverse, MANA, LAND, ETH, NFT's and Crypto News
- The halving event
- The big bad virus and massive printing
- Media is changing its tone
- Institutional money
I am not saying it cannot go to $400K in this bull run, but Bitcoin won’t x20 at every halving. That would be too easy and everyone would be a Bitcoin billionaire. It will stabilize until the adoption cycle has ended. The floor of the next bear market cannot be determined until we have actually seen the top of this bull market. But I think the floor will be much higher than what most people think. I don’t think we will see a $40K Bitcoin again.
Happy trading or HODLing!
No comments:
Post a Comment