BTC - 290k by January?

15 Jan 2021

This is a 3-day log chart of Bitcoin showing the trend that it has been in since inception. According to this, we will hit about 290k by January 2022. I don't necessarily expect it to get to that point and I will most likely take profits starting at 140k since the risk will be too much at that point and I don't want to have a heart attack. I do expect several 30%-40% drawdowns along the way. I actually hope we get them so there is healthy consolidation along the way after we get these major impulses up. From peak to peak of each move, we are looking at 15x each time. That is pretty incredible.

As always, I am not a financial advisor and this is not financial advice. Do your research and formulate your own theories. Good luck!