Quote:
Originally Posted by Michelangelo
It’s not a bear market yet if you look at the pattern in 2013 and 2017. The trajectory still has a ways to go. It will be $70k+ this year. It will go to $100k before it “lies low” at around 75k until 2023.
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Exactly right. Historically, after a halving Bitcoin puts in a top in November or December in the year following the year the halving happens. That would be this coming November or December, and based on historical trajectory that top should be somewhere around $95k-$115k. Then bear market pullback to around the $60k-$80k area, like you mentioned.