A Hyper-Bullish Bitcoin: Price Discovery ($500,000 Next Target)

4 hari lalu

Where is the next resistance? There isn't any.
When a new All-Time High is hit, we enter the price discovery phase.

Bitcoin is new. Bitcoin is great. Bitcoin is young.
How much is one Bitcoin worth?
We are about to find out, but nobody knows.

It has not being decided just yet.
Cryptocurrency is now legal, so there is no limit as to how far Bitcoin can go in this current bullish wave.

Market dynamics in the past would dictate that a crash must happen because the exchanges say so. They would jack up the price and then crash it down; when people panic sell, buy Bitcoin at the low.

What would happen if the sellers are always bought?

The mega whales sell billions in order to crash the price, produce a panic intending to buy again but low; like in the past, but instead of a panic, new interested parties show up and there is no drop.

The manipulating whales lose their Bitcoins, never to get them back. New money flows into the market. Then prices stay up, stable and strong.

In the past, there was not enough buying power to accommodate the whales selling for price control. In the present, when the bearish whales sell, bullish whales show up. And Bitcoin has been rising with not a single drop for months.

So, how far up can it go?

Price discovery means that we will discover this in the coming months. Nobody knows... It can go as high as the Moon, Jupiter or Mars, it can go high as Pluto for all I know.

What is clear right now is that market dynamics are changing, and we better adapt or be left behind. What will you do?

Will you continue to use an old paper-map or will you adapt and use GPS powered through Wi-Fi?

That's the world... Look at the volume on this chart; long-term growth, it has been going up.

So, how far up can it go? Let's say 200,000$ by mid 2025.
Let's upgrade our targets and consider $500,000 by the end of the bull-run.

Will market dynamics continue to evolve?

Remember the stock market?

Remember the financial markets. When the assets were young, they would have huge volatility and even loss, when they matured and the market evolved, all the giants grew and are still growing for 20 years or more.

Crypto can do the same.
Bitcoin can do the same.

The initial period being unpredictable and wild; and maturity brings stability and long-term growth. Hundreds of years with prices going up.

Namaste.