I think you guys are reading too much in short term news. Over the last three years, Bitcoin has followed a pretty consistent pattern of value increase, where it drops early in the year, rises untill early summer, drops again and then peaks at the end of the year. This is probably just because it is an inefficient market and relies mostly on the human psyche and not on the broader economic environment. To demonstrate I made a picture comparison.
I'm willing to back up this analysis with some crazy predictions for the upcoming year:
- Feb to April: A peak somewhere around 25k
- April to May: consolidation around 20k, maybe even drops to 15k
- May to July: Another rise to 35k or even 50
- July to september: Drops back to 25k
- September to December: A run to $100k
This is surely not investment advice and I know it is likely I am wrong, but this is what I project and the reason I am only liquidating about 10% of my cryptos into fiat (making sure I have enough to live on if everything tanks).
I do believe unexpected events can lead to incredible rises and incredible dumps, so if you later on shame me on this false prediction, I just did not see that one thing coming