Home Bitcoin News Big Money has Skin on the Game Bitcoin (BTC) Might Behave Differently

Big Money has Skin on the Game Bitcoin (BTC) Might Behave Differently

Big Money has skin on the Game Bitcoin (BTC) Might Behave Differently

Dan Held Interrogated:  Will the 2021 Bitcoin bull run be like 2013?

Community Response:  Higher and longer.  Even more.

256,000 in 2 months? Seems a bit unrealistic.

Of course, that’s what everyone thought in the previous cycles for their respective price action.  Problem is that it is a simulation and therefore everything is already coded.

Don’t you think the opposite will happen because everyone is expecting it to do that.  Likelihood of crash in bitcoin is directly correlated to how many people sell. Majority is illiquid, meaning off exchanges, and it’s been that way. Most doesn’t move. It’s all on chain data you can check for yourself.

I think it’ll happen in Feb because too many people expect it now.  December is a crucial month

Not entirely.  Much better and longer. Situation is very different.  Additionally, the RSI supports a higher ATH for Bitcoin. RSI is moving up, but it is still far from a second top. Double top will occur, then here we go to the Moon.

For clarity, The relative strength index (RSI) is a momentum indicator used in technical analysis that measures the magnitude of recent price changes to evaluate overbought or oversold conditions in the price of a stock or other asset.

ATH stands for “All Time High”. It is defined as the highest value of a cryptocurrency that has ever attained in its history.

I highly doubt that. I think it’s going to be the opposite. We will see.

No, it won’t. Different time, different metrics. Despite the fact it’s traced it almost perfectly over the last several months.  Did u also check with 2017?  Highly doubtful, Diminishing returns.

Who cares? Honestly. Even though I hope so, I just can’t imagine it will just slice through 100k. A lot of people will take profits at 100k.

It will be much greater than this.  Really not sure – huge percentage saying it’s the 2017 look alike. IMO history rhymes but very rarely repeats.

Why so bearish? In my opinion it will not. I think we need Apple, Amazon, Google to announce some buy allocations of Bitcoin.  I don’t think retail is going to FOMO crazy like the last times.

This is going to be the long bull run and it’s great.  Possibly, but then who knows. It’s Bitcoin

No, I don’t think so. Until we have mass adoption or FOMO (Fear of Missing out) situation in the next week or so, then we probably are going to get to 100k chart means nothing without demands.

When EVERYONE is expecting the same thing, will it happen? I have heard that markets have a habit of surprising everyone. And, we are talking about hype volatile crypto markets.

Better we will go close to 850k.

Not necessarily. The market has evolved and it is quite different today. This does not mean it may not behave similarly, but it would me a mere coincidence. I would expect shorter and softer corrections, now that big money has skin on the game.

No it won’t because adaptation is different since this year. There’s so much going on.  You can’t compare that with 2013. Next year, will be even more different than we’ve ever seen before.

I’ll fall over dead from Euphoria if it does.  It looks to be on track, but I don’t think a parabolic move like 2013 is possible by end of this year. Too many disciplined institutions that need to rebalance by law are involved. However, the total gain could be similar with lengthened cycle to 2022 Q2.

 

 

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James

James T, a passionate crypto journalist from South Africa, explores Litecoin, Dash, & Bitcoin intricacies. Loves sharing insights. Enjoy his work? Donate to support! Dash: XrD3ZdZAebm988BfHr1vqZZu6amSGuKR5F

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