Just want to start with I’m 💯 #bullish 💹 & believe we will go to #100k in 2021 but if we don’t be ready. (I know people who have no idea 💡 about 2008 or 2012 or 2017 just buying stocks b/c of FOMO will be angry 🤬)
Others will look 👀 at this and reflect and decide for them selves.🤔
No one ever sees the crash coming 📉 not #WallStreet not the #bears 🐻. Except maybe the housing that was pretty well known due to the bad triple AAA mortgage 🏡 they gave out like candy 🍭.
So even #crypto follows the #standarddeviation and the #bellcurve 🔔 it’s common #statistics even some of the #elliotwave patterns like stocks.
In previous #bull cycles, #Bitcoin tended to go down anywhere from 20-40% in the first year. From the 42k-50k that would put us back down to 16k-20k at current #correction.
Let’s say the #dip I talk about above was escalated in March due to pandemic and we blow right past this and stay bullish It means where in second year of the correction we’ll go to over #150k.
If bitcoin can rise to the level of $ 150,000 the correction will be around 80% which gets us down to 30k or a bit lower to 22k.
Then that will be the new low and the cycle will reset itself and this will over the new All time high which could be 250k-300k by 2024. $Bitcoin $Ethereum $Litecoin $Bitcoin Cash $ETHEREUM CLASSIC $XRP $Stellar $Riot Blockchain $XLM $Bit Digital Inc
Disclaimer: The comments, opinions and analysis expressed herein are for informational and educational purposes only and shoulk not be considered as individual investment advice or recommendations. Webull is not responsible or liable in any way for comments posted by pur users.