QUOTE(klangboy83 @ Jan 26 2021, 09:26 PM)
my bet is it will stabilise at 17k-23k before it takes another 1-2 years to build another rocket to moon.
My bet is on way shorter than take
Reason is right now we are entering Wave C down (Wave B ended with 42k as smart money cashed out just like 2017 situation at 20k)
I think it will be shorter since
- Institutions/big money. Up faster, down faster
- USD will continue gradually increase till Q1 or Q2 this year (good time to "dump" the prices to complete the waves)
- Then the USD interest rate will straight down to zero and yes, you hear me here, negative rate. (which will enlarge every single bubble from stock to property and of course crypto)
If to say to make everything according to the "plan" and boost crypto with the rocket boosts from devalue USD, the correction wave has to end before the interest rate go down, then lets hit 100k baby