Let’s face it, nobody knows the future. It may be shaped by so many events that we can and cannot predict. The best thing we can do is to identify the most likely scenarios and to have a solid action plan in case each of them plays out. Related to BTC price I see 3 main scenarios:
1. The upswing (25% chance)
61k was the bottom of this pullback, BTC breaks ATH...
Since 2017 hype lot of BTC have changed hands between $3K and $12K. Hodlers who bought in during that cycle will feel very uncomfortable seeing those prices again.
No doubt many players will try to shake out those old weak hands. Stocks, real estate and commodities all have the potential to go down, it will affect BTC.
I'm not shorting that though. Layering...
