Based on this Market cycle map I am predicting that the bull run could last until May 2022.
It would make sense for the top to tag around 100k, but we definitely can ago alot higher.
I would think a 10x from the last high of 20k would make the most sense but an over shoot and push to around 240k to suck over confident bulls in before a new bear market starts and we pull back around 80% to around 35-40k
This is just an estimated based on previous market structure, anything could happen this cycle has we start to see real institutional money start to flow in with the key infrastructure for family offices and high net worth individuals to feel a lot more comfortable putting capital into BTC, and then the fomo begins....
It would make sense for the top to tag around 100k, but we definitely can ago alot higher.
I would think a 10x from the last high of 20k would make the most sense but an over shoot and push to around 240k to suck over confident bulls in before a new bear market starts and we pull back around 80% to around 35-40k
This is just an estimated based on previous market structure, anything could happen this cycle has we start to see real institutional money start to flow in with the key infrastructure for family offices and high net worth individuals to feel a lot more comfortable putting capital into BTC, and then the fomo begins....