In this month's cryptocurrency Q&A, we'll be touching on Bitcoin double tops, 2017-style altseasons, crypto industry valuations and more.
▶️ 3Speak
In this month's cryptocurrency Q&A, we'll be touching on Bitcoin double tops, 2017-style altseasons, crypto industry valuations and more.
▶️ 3Speak
I think that we will be in a bull market until the central banks turn off the printing presses.
so forever then?
:D
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My guess is yes relative to the US dollar. But these arss hats always have new games for the markets so who know besides the central banks....Yes the GAME is RIGGED....
I'm cool with that!
Continuing to ask about a double-top is a little ridiculous at this point IMO. The timelines are completely off and the environment is totally different. We've already hit ATH every month for the last five months in a row. Everything about this market is totally unique compared to all other bull runs in history, and it looks like the strongest one yet.
I will agree that if BTC hits $100k+ in less than a month I might start getting a little worried about the market overheating. But honestly I think we are all but guaranteed to be at those levels come June.
2013 only got a double top because the market had no idea how bullish the halving event was. The supply shock caught everyone off guard. That will never happen again: one time event.
Another reason why I feel like the double-top thing is silly is due to my own technical analysis of the doubling-curve. The curve's baseline was created by the first pump in 2013 at $100. According to this metric, Bitcoin was simply undervalued from 2009-2013 and finally caught up from the first pump.
I expect a peak in June... if it's big enough it should trade sideways till september lows. If the market is still strong maybe we get another ATH in August. This market has been nothing but strong so who knows. Corporations are lined out the door to buy more even at these levels.
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Excellent points!