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https://seekingalpha.com/article/4404177...ortunities
Bitcoin is undoubtedly in the middle of a new bull market. The final top has not yet been reached by a long shot. Prices around US$100,000 and possibly even above US$300,000 are quite conceivable in the next 10 to 24 months. The main drivers will be an institutional buying spree, as these institutional investors will come under an increasing pressure due to rising prices.
Of course, there will be some brutal pullbacks on the way to higher prices. To be able to profit from this bull market, you need to be patient. And you really need to have internalized the so-called "Hodl" strategy.
In summary, Bitcoin is consolidating at high level trying to build a new base. This consolidation may well last a few more weeks and could also bring lower prices. More likely, however, is a continuation of the rally towards US$50,000 in the near future already.
Bitcoin is undoubtedly in the middle of a new bull market. The final top has not yet been reached by a long shot. Prices around US$100,000 and possibly even above US$300,000 are quite conceivable in the next 10 to 24 months. The main drivers will be an institutional buying spree, as these institutional investors will come under an increasing pressure due to rising prices.
Of course, there will be some brutal pullbacks on the way to higher prices. To be able to profit from this bull market, you need to be patient. And you really need to have internalized the so-called "Hodl" strategy.
In summary, Bitcoin is consolidating at high level trying to build a new base. This consolidation may well last a few more weeks and could also bring lower prices. More likely, however, is a continuation of the rally towards US$50,000 in the near future already.
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Corrections are usually over very quickly, and they're traditionally painless to long-term investors.
Experience is what you get, if you expect anything else!
Alles ist Zahl - die Vollkommenen --> 6; 28; 496; 8128; 33550336; 8589869056
Corrections are usually over very quickly, and they're traditionally painless to long-term investors.
Experience is what you get, if you expect anything else!
Alles ist Zahl - die Vollkommenen --> 6; 28; 496; 8128; 33550336; 8589869056
