Markets usually do the opposite to what people are thinking!
Now this analysis is more for fun, is not serious and does not conform to my usual thought process.
1. An ATH break coming soon seems too good to be true, but markets don't care!
2. At around 20k, it will be a sign to many retail investors that bitcoin is back, people will be thinking of that well known logarithmic curve which bitcoin has been following since inception and many analysts will be making 50k - 200k USD price predictions. There will also be a tonne of news coverage, we saw at the end of 2017 it took about 2 weeks after big news for bitcoin to crash. There may have been more institutional accumulation as well as smart retail investors who are less risk adverse than the average retail investor and so it's possible these institutions will be selling at around 25k when the news has gotten big which will again screw the people who react to the news which is always the case with bitcoin.
There's about a 1% the above plays out, maybe less. I'm kind of joking around with the above. To be taken with a pinch of salt. A rather big pinch.
Now this analysis is more for fun, is not serious and does not conform to my usual thought process.
1. An ATH break coming soon seems too good to be true, but markets don't care!
2. At around 20k, it will be a sign to many retail investors that bitcoin is back, people will be thinking of that well known logarithmic curve which bitcoin has been following since inception and many analysts will be making 50k - 200k USD price predictions. There will also be a tonne of news coverage, we saw at the end of 2017 it took about 2 weeks after big news for bitcoin to crash. There may have been more institutional accumulation as well as smart retail investors who are less risk adverse than the average retail investor and so it's possible these institutions will be selling at around 25k when the news has gotten big which will again screw the people who react to the news which is always the case with bitcoin.
There's about a 1% the above plays out, maybe less. I'm kind of joking around with the above. To be taken with a pinch of salt. A rather big pinch.