RE: Bitcoin set to reach 50,00028 Jan 2021 14:36
People need to understand that it's a rollercoaster not a ski lift..... to suggest there is no resistance is to misunderstand everything about bitcoin... do I think we'll hit 50k, yes, I actually think maybe before April personally, but I could quite honestly see it tagging 50k then dropping back to 38k again... that's how things go....
I could also see 150k in late summer but the drops around that time will require an incredibly strong stomach because every one will be seen as the end of the blow-off top by the majority.... that'll be the time to really need brass cojones, this past week will look like a butterfly convention in a feather duvet factory to the backdrop of harp music played by unicorns by comparison.....