BTC may be touching ATH in a few days, igniting the *golden* run
BTC has reached 80% of it's ATH value. Historically, once it reached 80% it only took 12 days on average to reach ATH.
After that the dynamic of Altcoins changes a lot. Sat pairs suddenly getting a lot stronger in every dip. We will also start to see a much more aggressive shit of capital from BTC to Altcoins.
Over the past 2 years we've barely seen coins doing x5 or x10 in one run. Usually within 2-4 months. Well that was bear market and for some exceptions (Chainlink) even already bullmarket-like performance. But this was all done with the capital of bearmarkets, which is tiny.
Over the past two quarters, asset managers and Tether have hit record highs of capital inflows. Greyscale Trust went from a measly 2bn AUM to over 9 AUM in a few months. Bitcoin Suisse reported records and many exchanges have close to ATL balances of BTC over the past 3 years.
We have a supply crisis brewing like seen in late 2016, early 2017 and massive amounts of capital that flew into BTC market, waiting to be distributed among Altcoins.
As always, I believe Chainlink to be the top gainer of this macro shift based on it's unique fundamental profile and it's past performance indicating really strong interest over the past 3 years against BTC and USD. Now, leading Coins managed to pull 30x gains within 2-3 months in that Golden Bullrun that happened starting febuary 2017. I can see Chainlink hittin close to or even breaking these numbers. It's gonna be one wild next few months. Minimum target price for Chainlink in march 2021 being $100
After that the dynamic of Altcoins changes a lot. Sat pairs suddenly getting a lot stronger in every dip. We will also start to see a much more aggressive shit of capital from BTC to Altcoins.
Over the past 2 years we've barely seen coins doing x5 or x10 in one run. Usually within 2-4 months. Well that was bear market and for some exceptions (Chainlink) even already bullmarket-like performance. But this was all done with the capital of bearmarkets, which is tiny.
Over the past two quarters, asset managers and Tether have hit record highs of capital inflows. Greyscale Trust went from a measly 2bn AUM to over 9 AUM in a few months. Bitcoin Suisse reported records and many exchanges have close to ATL balances of BTC over the past 3 years.
We have a supply crisis brewing like seen in late 2016, early 2017 and massive amounts of capital that flew into BTC market, waiting to be distributed among Altcoins.
As always, I believe Chainlink to be the top gainer of this macro shift based on it's unique fundamental profile and it's past performance indicating really strong interest over the past 3 years against BTC and USD. Now, leading Coins managed to pull 30x gains within 2-3 months in that Golden Bullrun that happened starting febuary 2017. I can see Chainlink hittin close to or even breaking these numbers. It's gonna be one wild next few months. Minimum target price for Chainlink in march 2021 being $100