On December 16th, 2016 -- The same as todays first pump to 20K we saw something!
At the time in 2016, we saw BTC double in price in 2 short weeks.
Let's look a bit closer exactly at this action in 2016!
The time frame from today from this date is highly correlated and could have some major confluence!
Starting exactly two days after today's date, BTC did a massive 100% pump at the time from $825 all the way to $1325 -- nearly a fully 100%.
With BTC currently hovering around 21.5K, does this mean we could see a 30K to almost 40K BTC for NYE celebration?
I believe it is certainly an option!
In the start of prior multi year bull runs, BTC has done similar behaviors so when we make predictions like this we are looking at the past history, and the market conditions at that time to make an estimated guess.
Based on this, I see the likely-hood more "probable" then not with some nice continued upside for the rest of the year!
@originate Developer & Market Analyst
That would be amazing if history repeated here!
I agree on this one. Waiting for alts season though...
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Unfortunately too many are waiting for alt season, and missing the BTC season(s). This is why alts shouldn't be primary is my thoughts, but to compliment so to speak. I guess best to have both, btc is such a controller of these markets still to this day. I am thinking for a few more years in fact.
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Right. I regret now not selling alts for BTC a year or so ago when the satoshi value was higher.
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