Hello all, some very influential analysts saying that we will reach an all time high in 2023. Others saying we will see a massive dump to new lows under $15.5k. Who will be right? Time will tell. But looking back at previous bull runs we see something interesting... Bitcoin tends to run off the lows to the 2M closing price, in this case that is just over $61k, and then consolidate until after the halving, and then blows its top in a speculative bubble.
I think that is what is likely to happen this time around as well. Run to $60k region getting everyone bullish, many will buy in with the hype, and then it dumps with a long correction/consolidation until it has refueled and is ready for the final blow of top.
We will see I guess!
I think that is what is likely to happen this time around as well. Run to $60k region getting everyone bullish, many will buy in with the hype, and then it dumps with a long correction/consolidation until it has refueled and is ready for the final blow of top.
We will see I guess!