There's more to the story that may help to convince. 😉
https://cointelegraph.com/news/history-shows-bitcoin-price-may-take-3-12-months-to-finally-break-20k
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There's more to the story that may help to convince. 😉
https://cointelegraph.com/news/history-shows-bitcoin-price-may-take-3-12-months-to-finally-break-20k
I'm skeptical, as none of these predictions take into consideration what is actually going on in the world. It's just a bunch of nerds looking at graphs trying to predict future price movements based on what's happened over the last decade.
The reason Bitcoin was invented is happening right now in 2020. There is no history for this. Corporations swapping USD reserves for Bitcoin? Unprecedented QE and inflation targets? Economic breakdowns in the developing nations that may force them to abandon fiat before anyone else? Possibility of hyperinflation never been higher? USD may lose its world-reserve status? Negative interest rates? Likely bank failures and resulting "bail ins" because bailouts were made illegal? Using crypto to avoid sanctions? Using crypto as a means for capital flight?
Any of of those things could mess up that pretty little graph. All of them happening at once create the ultimate chaotic situation that cannot be predicted. None of these pretty little graphs could possibly take all these variables into consideration. Chaos is coming.
You nailed it.
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Every pattern works until it doesn't. The interesting about what is being suggested here is that there were also numerous black swans during each of the previous bull markets as well (china bans, exchange hacks, debt ceiling crisis, brexit, etc etc etc), though the markets pretty much repeated similar patterns overall...