Bitcoin is bouncing right now, but we haven't seen anything yet
If 2021 didn't feel quit as good as 2017, that's because it wasn't.
The bull market for bitcoin technically was from end of 2020 through early 2021 and that was it.
The rest of the year was sideways consolidation.
Well, at some point here we are going to break that consolidation, likely to the upside yet again:
(Source: https://twitter.com/TechDev_52/status/1490711571915579395/photo/1)
This points to the next impulse move being very big and taking prices much much higher.
The projections on the chart point to something in the $200k range.
Interestingly enough, that may not happen until end of 2022 or even early 2023, which means the bear market to follow will be short lived considering the next halving takes place early 2024.
This could end up being the one of the best 4-5 year period in bitcoin's history.
More likely one of the worst periods... All the positive markers have been absent since early 2019... What we have really seen is institutional investors buying en masse and then total constipation of the markets...
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Upvoted! Thank you for supporting witness @jswit.
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You usually have a pretty optimistic view on things. I like that. More importantly, I hope you're right. This "bull market" has been pretty lame.
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Maybe yes, maybe no. There just are no cultural catalysts, no real economic catalysts, Brandon is still president. Inflation is going to the grocery store. Just don't see it.
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