Many are starting to believe the 4-year cycle will fail us this time around. That "Smart Money" is in the game now and they have firm control of what is going to take place and when it will take place and above all how it is to take place. Others are of the belief that time has run out and that we can't possibly ascend to the projected heights we were all told and promised to eventually reach.
I can't tell you if this is the case or not. But I can tell you that it is possible to go up 1000% in 30days as it had in the past. Look at October to November of 2013, for example. Sure the market cap was much smaller but then again so was the number of participants. Smart money really didn't buy in until the following year and now, well, they are all up in our business. Am I saying we will climb a 10X again? No. No, but it sure would be nice.
7 billion people in this crazy world and they all pretty much have heard of Bitcoin, crypto Ethereum and once it hits 1000k they will all come running with their money trying to buy in as WE all have in the past.
Tradingshot's chart, made famous by YourTuber Bitboy Crypto, on TradingView may be off this year but I don't think by much. We will see All Time New Highs, this year. It's up to each individual investor to take profits and not stay in too long. This is what I think will happen as the masses that are already in will start to pull profits just as the masses that are trying to get in are pumping us up to crazy highs. Of course, what will follow is the crash and thus the cycle repeats.
BitBoy says the "Financial Cartel" won't let it go past 120k because it would be too disruptive to the current system. I read two books, 1. The Fourth Turning, which says systems and built to be destroyed. Oh, and we are now in a Fourth Tuning so I guess the Financial Cartel is going to eat it. 2. Predictably Irrational a book on Behavior Economics (any book on it) basically says we are not rational, as traditional economists will have you believe, and so we don't do what is in our best interest.
These two concepts tell me the “Financial Cartel” don’t have shit, let alone control.
Bitboy, Plan B, Raoul Pals, JPM Chase, Fidelity, Thomas Lee, and Michael Salor all think it will reach new highs. I’m adding history to this list as well.