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Just taking a moment to look at the ATH for #Bitcoin 
The chart is quite possibly THE most bullish chart in the world rn.
History tells us that price discovery for a scarce asset where there is a daily disincentive to sell snowballs.. FAST.
The chart is quite possibly THE most bullish chart in the world rn.
History tells us that price discovery for a scarce asset where there is a daily disincentive to sell snowballs.. FAST.
A move at the same pace to the previous ATH breakout puts Bitcoin at an astronomical 300k before the end of next year.
Looks nice, seems hugely unlikely, but virtually no one saw 20k coming for 2017 at this equivocal stage.
The big money entering are reffering to this figure.
Looks nice, seems hugely unlikely, but virtually no one saw 20k coming for 2017 at this equivocal stage.
The big money entering are reffering to this figure.
A move inline with the logarithmic trend channel seems more "reasonable" at this point (100k wut lol).
I've market out key fib levels which were important in the last cycle.
ATH+10% ~22k
2.618 ~ 46k
4.618 ~ 78k
Top of log trend assuming EOY finish - 120-140k
I've market out key fib levels which were important in the last cycle.
ATH+10% ~22k
2.618 ~ 46k
4.618 ~ 78k
Top of log trend assuming EOY finish - 120-140k
Key thing for Bitcoin right now is to find support in the high 19ks / 20k.. but jeez 2021 is setting up to be a good one.
Remember to hodl strong
Remember to hodl strong
