If we keep following Bitcoin's log regression channel, and with the theory of lengthening cycles (or 4 years cycles), then 2023/2024 will be the peak this time. Maybe $100k to $350k is the top. You this crazy range I just gave because it is hard to predict. Previous historical data shouldn't predict the future necessarily, but this is my guess! Again, not a financial advice, just an opinion.
Short term, no one can predict where the market is going. Can Bitcoin go lower? Yes. I like to look at macro-scale.
Remember it is a risky and speculative asset still. All traders have no idea about the future, so don't trust anyone. Make your own decisions.
Regarding Bitcoin being not efficient, I agree that it is for now. I am positive we will find a solution one day to how we best mine Bitcoin.
Remember how the internet started with modems, your first mobile phone, etc. Technology improves over time. I believe in this.
Finally, I am bullish on both Bitcoin and Ethereum.
If you like what I just stated, follow my Twitter (@CryptoCatPro) as I post there more often and I rarely post here.
Best of luck and stay safe!
Short term, no one can predict where the market is going. Can Bitcoin go lower? Yes. I like to look at macro-scale.
Remember it is a risky and speculative asset still. All traders have no idea about the future, so don't trust anyone. Make your own decisions.
Regarding Bitcoin being not efficient, I agree that it is for now. I am positive we will find a solution one day to how we best mine Bitcoin.
Remember how the internet started with modems, your first mobile phone, etc. Technology improves over time. I believe in this.
Finally, I am bullish on both Bitcoin and Ethereum.
If you like what I just stated, follow my Twitter (@CryptoCatPro) as I post there more often and I rarely post here.
Best of luck and stay safe!
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.