HELLO out in the world of Bitcoin and Crypto!
👋
My name is Trevor and today I make a seriously bold Bitcoin prediction!
Why?
Well because Bitcoin has been in limbo since it crashed from the $60k levels almost 2 months ago.
Uncertainty is scaring the pants off of everyone including some of the whales still!
Now, of course, this is NOT financial advice!
I am only going to share some of my own personal opinions on this matter while providing a few references.
Transparency is huge here!
We are in really dangerous territory right now with Bitcoin.
Historically speaking Bitcoin has never really fallen back below its previous All-Time Highs.
Except for back in 2013, it dipped slightly under before bouncing back up again.
So we could potentially see Bitcoin make history dipping back below.
Or!
History will repeat itself and we never see the old All-Time High of $20k ever again
That's not my bold prediction yet though!
That's actually two different directions for Bitcoin to travel.
This should be giving us some insight into how the big players are thinking right now.
Big market-moving whales out there can't predict the future either.
The difference is?
They are just better than us at managing their risk!
Imagine you are getting into the Bitcoin market for the first time right now.
You have plenty of money to burn that you won't need to touch for another year.
You could buy Bitcoin any time you want!
Obviously, no one wants to buy the top but also you don't want to miss out on $100k Bitcoin in the near future.
You would also like to forget about your Bitcoin purchase for a year until you check its price again.
It would be really nice to come back and find that your Bitcoin purchase either stayed the same price or the price increases.
Now let's go back and think about the 2 different directions Bitcoin could take here in the short term.
1. Bitcoin is at $30k right now, history will repeat itself, and the Bull Market continues
or
2. Bitcoin is at $30k right now, then basically for the first time in history we break below the old All-Time High of $20k
As a whale who doesn't have to worry about money so much.
The price of $30k Bitcoin when shopping the aisles becomes very enticing!
If history holds true, we won't get to buy Bitcoin any cheaper than this at $20k or $10k.
Not buying at $30k means you are RISKING your chances of missing out on $100k Bitcoin.
However, this also means that you are risking your chances with history!
There is always a 1st time for everything too.
So we can't completely rule out a 3 year Bear Market starting to take shape.
So now let's say you do buy at $30k and risk it.
What are the possible consequences of doing this right now?
The main consequence of course is Bitcoin's price makes Bearish history and falls.
If for some reason Bitcoin does do this and it goes to $10k territory.
The consequence of that drop would be a 60% loss from this point.
The consequence of not buying at $30k is that you also miss out on another 60% gain upwards towards 6-digit Bitcoin!
Now think about it this way...
If $20k or $10k Bitcoin happens and the price is currently at $30k.
Do you really think those lower prices will happen soon or a year from now?
As a whale, when looking at it this way the decision becomes much easier to make.
This is why we are seeing much more HODLers than usual piling into Bitcoin right now.
Investors who are willing to buy right now don't care if Bitcoin goes down any farther because they don't mind waiting out if they have to.
Since they don't mind waiting, they don't mind buying!
This is why a lot of us are hearing about how we are currently in a Bitcoin accumulation phase.
The price can go down and it will have no effect on forcing the most patient investors to sell thei HODLings.
Wrapping our heads around it like this makes the case for $20k Bitcoin that much harder to believe.
You might be looking at the charts and freaking out for a while but while you are freaking out about volatility.
Everyone else is buying and HODLing.
No pain, no gain!
Taking all of this into account here, my bold little Bitcoin prediction coming up should make more sense to everyone.
So here it goes!
In my opinion, I believe Bitcoin is just doing what it was designed to!
What goes up must come down and it was long overdue for a large crash like this to occur.
Anyone selling right now is crazy.
Anyone buying right now is smart.
We could see a very quick wick down toward the mid $20k region here very soon.
However!
It will be very VERY short-lived.
Doing so would probably spark an international buying spree coupled with all the most recent news.
Volume after this last 60% crash has gone way higher than usual across all charts.
It doesn't look like much but it is noticeably higher on the daily.
I believe the next breakout to the upside will bring in the volume we needed back when $60k Bitcoin was a thing.
Seeing volume like that coming in will easily push this puppy up to 6-digits this year still!
I suspect we see one last unexpected Orange Wave before finally starting the inevitable long-term Bear Market.
The next Bear Market begins when we start slowly falling from a 6-digit price range.
Now whether that's $200k or $100k is anyone's guess!
Bitcoin has a mind of its own and sure loves to show off.
I don't think Bitcoin is ready to give up just yet sensing a buying spree is on the horizon.
One last multi-month Bitcoin pump followed by a very slow yet very brutal decline is how I see things playing out the rest of the year.
We shall see!
This is Trevor's signature 🦰
and article!
Thank you for reading!
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