BTC pumps just like last year.
I think we might hit 6000 cny/825$ before a sharp dump to 650.
I think we might hit 6000 cny/825$ before a sharp dump to 650.
Actually, that seems to be a decent prediction, even though it is unclear if your are basing your prediction on merely history, and we know that history does not necessarily repeat itself - even though it tends to rhyme.
In that regard, this year and last year are similar, but there have been changes, too. We are in another place... nonetheless, I agree with you about there likely to be a certain level of resistance in the lower to mid-$800s, and that could be a reasonable place to take a correction.. however, also, bitcoin is not reasonable, so a correction could likely take place at a time much sooner than others expect.
The fact of the matter, currently, is that we have not had any kind of significant price correction since the lower $600s (actually since about the $610-ish price area). Accordingly, we have a BTC price appreciation that is currently approaching about 17%, and yeah, if we go all the way to the lower $800s without a meaningful price correction that would be more than a 30% price appreciation - which is certainly within the realm of doable - even though it seems a bit more likely that we would experience some kind of meaningful correction before that price point and even before the mid $800s. We also have to keep in mind that our latest high, and even going on more than a 2.5 year high is in the upper $700s, and it seems quite likely that there is going to be resistance in the upper $700s (that is before we even make the lower $800s), but what the fuck do I know? I certainly don't mind reading what seem to be reasonable predictions that area a bit more bullish than my own, and surely if the more bullish predictions were to come to pass, then I would certainly benefit from those kinds of proposals of more bullish outcomes.