I read the post. You have made some good observations. But I don't think there will be an extended bear period. This isn't stocks. Also BTC community is full of fanatics and cryptos are getting more and more mainstream attention. I pretty much believe BTC will have a major crash after a massive hike as @haejin has been calling. But I don't think there will be a 27K BTC. At the moment I'm 90% sure that the next ATH will be THE ATH. Without a major incident (maybe a crash in stocks), I'm 100% sure BTC won't hit the 27K.
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Thank you for reading!
Well I only call for a Q4 bear market, a 🐻 market isn't just straight down. It is up and down, but more down haha
Bitcoin had it's bear markets before.
It's hard to predict the ATH, If you asked people 2 years ago, not many would guess a 5k ATH.
I'm making my calls based on Alt-coins. BTC doesn't exist in a vacuum. It's position of 48% solely relies on the fanatics/zealots behind BTC and the first mover advantage (Plus everything related to these 2) I'm calling dethroning of BTC because pretty much almost all of the top 100 cryptos being better products than BTC. Nothing wrong with BTC, just the other players are vastly superior.
We all know what happened to Yahoo! Nokia, Internet Explorer..... It's the same story with BTC.