We are day 58 into the cycle, with more chopping lately. Cycle low is due. Seasonality of bitcoin points out we are likely to have a 100k+ due this year.
There is no way to predict the price and timing of the top, but only follow the trend and execute the plans.
In my opinion, there are two bull scenarios ahead and one bear case:
1) Bull: Bitcoin cycle low due within 10 days. Then from April-August, steadily climb to 75k+, similar to what we see from 20k-50k. This may results in an early top in July-August and a big consolidation (50% decline) till late September before continuation to an all-time high.
2) Bull: Bitcoin cycle top in August, 100k+, then start the bear cycle as post-2017 all-time high. This scenario is a shift in the cycle peak time frame, which is a bit likely with what we've seen in the 20k-50k pump that nobody expected.
3) Bitcoin topped at 60k and spend the next two years consolidation to find its bottom. In this case, more HODLING.
There is no way to predict the price and timing of the top, but only follow the trend and execute the plans.
In my opinion, there are two bull scenarios ahead and one bear case:
1) Bull: Bitcoin cycle low due within 10 days. Then from April-August, steadily climb to 75k+, similar to what we see from 20k-50k. This may results in an early top in July-August and a big consolidation (50% decline) till late September before continuation to an all-time high.
2) Bull: Bitcoin cycle top in August, 100k+, then start the bear cycle as post-2017 all-time high. This scenario is a shift in the cycle peak time frame, which is a bit likely with what we've seen in the 20k-50k pump that nobody expected.
3) Bitcoin topped at 60k and spend the next two years consolidation to find its bottom. In this case, more HODLING.