After 16th Dec, 1M BTC is beautiful as fuxk, to the Moon, boi!
16th of December proved the strength of BTC. If taking the 2011 bubble as beginning of huge E.Waves cycle, then we're currently on the third wave of the new cycle, which started from 2017 Bubble. If bitcoin is about to keep its schemes, which as it proved, it stubbornly does, we are about to see the bullish run towards ~70k in upcoming year. So far, breaking ATH always was followed by months of rises. Still, we can expect a pullback towards ~13k, but its reverse may take supposed to take around 1month
I would also like to notice, that pullback after the 2017 bubble eventually proved itself to be very similar to the one we've seen after 2011 bubble. Difference is the fundamental anomaly of COVID drops, which should not be underestimated, although quick reversal proves the power of capital behind BTC and its extremely high will to stay on the course.
If any major crisis crash will not occur, I assume we may expect an exciting, bullish 2021 with a huuuge hype around it
But...
The crisis has to happen, so be vigilant. Next time when BTC will crush after the 3rd wave will finish, it will be not a difference of 10k, but much more. That's kinda scary, considering its future capitalization.
I would also like to notice, that pullback after the 2017 bubble eventually proved itself to be very similar to the one we've seen after 2011 bubble. Difference is the fundamental anomaly of COVID drops, which should not be underestimated, although quick reversal proves the power of capital behind BTC and its extremely high will to stay on the course.
If any major crisis crash will not occur, I assume we may expect an exciting, bullish 2021 with a huuuge hype around it
But...
The crisis has to happen, so be vigilant. Next time when BTC will crush after the 3rd wave will finish, it will be not a difference of 10k, but much more. That's kinda scary, considering its future capitalization.