The not-so-sexy truth about bitcoin's next bull run
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Remember when bitcoin made you rich over night? Unfortunately for BTC maximalists, those days might be history.
Fact: Each of the last 3 bull runs has been approximately 19% of its predecessor.
The last bull run ($3124 to 69K) was approximately 22.09x. What's 19% of 22.09x? A measly 4.2x. So, if we assume the bottom is around 17.6k, the next top projects to be around 73.9K. That's a whopping 7% above the previous ATH.
I still think 100K is possible, or even probable in a blow-off-top scenario. But if you're an investor under the age of 60, I wouldn't bet my retirement on old bitty. From a trading perspective however, 4x is a layup, practically guaranteed.
Fact: Each of the last 3 bull runs has been approximately 19% of its predecessor.
The last bull run ($3124 to 69K) was approximately 22.09x. What's 19% of 22.09x? A measly 4.2x. So, if we assume the bottom is around 17.6k, the next top projects to be around 73.9K. That's a whopping 7% above the previous ATH.
I still think 100K is possible, or even probable in a blow-off-top scenario. But if you're an investor under the age of 60, I wouldn't bet my retirement on old bitty. From a trading perspective however, 4x is a layup, practically guaranteed.
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