/biz/ - Business & Finance

read this article from 2017
>http://news.bitcoin.com/bitcoin-price-surpasses-2013-time-high/

> According to recent charts, the price per bitcoin has surpassed it’s [Nov] 2013 all time high (ATH) on February 23, 2017, reaching $1168 per BTC.

It would bull run for exactly ***3 months**** after that to 3,000 (or 2.56x its ATH which would later be it's lowest resistance for the next 4 years) before dropping 40% to around 1800 and then back up to 20,000.

We are currently sitting at about 2.9x ATH ****3 months after passing ATH***, fueled by much more insane developments such as the richest person in the world constantly talking about BTC and investing 1.5B into it. Even if we correct to 40%, this is not close to over. It just seems overbought because the Coronavirus Great Crash brought it to nearly $4,000 and under 100B market cap less than a year ago.

I know many of you are new, and weren't around for 2017 or before but please if you weren't do not speak about "euphoria" or "bubbles" because you not only sound like an idiot but you're going to feel very embarrassed with yourselves as this progresses.

TLDR; YES THERE WILL BE A PSYCHOLOGICAL CORRECTION SOON BECAUSE OF 1T MARKET CAP BUT THAT IS NOT THE REAL END OF THIS RUN. THE REAL PSYCHOLOGICAL BARRIER WILL BE WHEN BTC OVERTAKES ANYWHERE BETWEEN 30-70% OF GOLDS MARKETCAP, SO SOMEWHERE LIKE 5T - 7T OR 300,000 - 450,000.