When the financial bubble breaks, it will return to the starting point. With the 2014 bitcoin bubble, it's exactly what happened. With 2018 bitcoin bubbles, I noticed the same thing. It seems that the 3k-7k5 price increase is a pullback, It's hard to be a long-term bottom with a short accumulation time and no retest. The same structure took place in 2014.
And most importantly, recovery needs TIME. The 2018 bubble is many times bigger than 2014 in both time and scale. So it will take longer to recover.
If the structure is similar to 2014, we will see a bottom around February 2021, completed around October 2022. The forecast price is $ 950.
Maybe we will take 10-12 years or more to see the new peak, which is similar to the dot-com bubble.
And most importantly, recovery needs TIME. The 2018 bubble is many times bigger than 2014 in both time and scale. So it will take longer to recover.
If the structure is similar to 2014, we will see a bottom around February 2021, completed around October 2022. The forecast price is $ 950.
Maybe we will take 10-12 years or more to see the new peak, which is similar to the dot-com bubble.