Are we at the start of the new bear market till 2024? Just a dip till a peak in this summer?
My friend and I were in crypto from Jan 2017 until I cashed out nov 2019 and we mapped out the peak bull and peak bear markets for Bitcoin over the last 7-9 yrs or so and by our calculations (educated guesses) that we made at the peak bull last Oct 2021 or so we thought and it ended up having a slightly higher peak for a few days in Nov 2021 we have it as doing the following…
April 2022 peak bear at $12k
Staying at $12-15k for months with a
Slow rise with peak bull july 2024 @ $150-200k
June 2025 @ $26,250
Summer 2027 @ $400k
August 2028 @ $60k
End of 2019 Btc @ $1M each
Brilliant.
Aligns with all my research as well.
A lot of people speculated the twin peak cycle , and this summer was supposed to be the real blow off top. Others like Richard heart were convinced it was done at 69k or whatever the last peak was , it’s going down to 10 ish k.
This seems to reconcile both of these varying views and also aligns with my intuition. I don’t see this 69k peak or whatever being a “ blow off top”, it just makes no sense and wasn’t even a 4x from the last peak.
How smart do you think it is to sell right now ( I’ve made hella profits ), and then buy back into alts/ btc around the 12-15 k Mark? To me it seems like the GOAT decision
To clarify , I think there MAY be a second high / peak this summer before a multi year bear market hits.
Either way the 12 k low seems reasonable
I want to believe this. But I just don’t see it.
Ukraine invasion may lead to literally armed conflict if not economic Sanctions on Russia and global economic tremors , not to mention a renewed Cold War Esque global economic vibe, aka tension and weak markets due to lack of trust and trade and business expansion between the West and the east.
Not to mention Chinese invasion of Taiwan which will 100% happen if Ukraine is taken. Chinese won’t sit by and let this golden opportunity of American weakness pass.
This all spells doom for the economy not to mention the INSANE hyperinflation. We printed infinite Monopoly money this last 2 years and the price of this has to be paid on a global economic level.
I just don’t see us being in “ golden times” where something like crypto just stabilizes around 30k.
What other reasons do you have to believe it will? Big banks and Wall Street types WANT it to crash to 10k to scoop up the dip in mega doses and take the currency away from the masses. Only way to stop bitcoins decentralized power aside banning it, is to own all of it