It's taken some time to regain its momentum since the old all time highs, but now that it has it look out
We made our old all time highs in December of 2017.
It took us roughly 3 years to eventually break those all time highs, but now that we have, it's been off to the races.
Since breaking $20k, it only took 22 days to double from there.
If that trend continues we are going to see bitcoin around $80k by early February.
This isn't something I am expecting, but would not be shocked either.
A better comparison instead of the old all time highs was what bitcoin did after it broke its old all time highs during the prior bull market.
The prior highs were around $1k.
It eventually went up roughly 20x those highs in about a year's time.
If we do that again, we are looking at $400k by the end of this year.
Again, I don't think we get to those types of numbers, but that is what would happen if we repeated what happened the last time were in a similar position.
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The higher we go the easier bitcoin will move up in dollar terms.
In the last 24 hours for example, we went up $5k.
A few months ago a $5k move would be a 50% move, now's it's 15%.
I can't wait until we get high enough to where bitcoin starts going up $10k in a day, or even $10k in a couple hours. That's when it gets really fun.
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It is pretty cool to have a front row seat to this all happening. Aside from the price, I also think we are watching the proverbial "genie" grow too large to be stuffed back into the bottle by governments or regulators... to many institutions and people of power and influence involved now.
It wouldn't surprise me if we see $120K Bitcoin before this all cools off... and hopefully the alts will finally have their day in the sun.
=^..^=
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Yes, it would be nice to see HIVE do something.