At this point I'm planning to hold for the ride until it becomes overheated. Bitcoin doesn't care about physiological markers like 20k or 50k. But follow the herd "investors" do so they are worth keeping in mind.
I think it will go up for at least the next three months and 20k is barely getting started. I'm picking it will go up to about 100k over the next 12 months and then crash when people suddenly realise Bitcoin is an out of date dinosaur.
And when everyone stats blathering on about HODLing or buying Lambos I'll be out of there!
Wow, that is confidence!
Truth is I have no real confidence Bitcoin long term, but I am confident the global economic recession will cause cryptos to pump for at least six months, and Bitcoin has at least one good pump left before it is superseded, so the two may happen right at the same time.
I really respect this outlook. I don't think anyone knows for sure what will happen, so many moving parts, we can just make educated guesses, and this is one I don't hear enough of with all the hype. The hype is justified but too blind.