It is a very interesting idea since it contradicts with what everybody thinks.
The expectation during last 1-2 years was (and still is) a new bull market after the halvening, with a peak at December 2021.
The markets like to give us surprises. So it is an interesting idea to expect the unexpected: no bull market until 2022.
And when everybody falls to the despair, a brand new bull market begins (early 2022), bewildering the crowd.
Decrypt0
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@Space_Traveller, really ok i dont know . I don't watch much from what others say.
This idea does not exclude possiblity of 4k low before growth again.
It also fits with the current contraction between highs and lows and fibcycle .
I find it compelling, for now. I think we already have seen capitulation now it's only further on depression/complacency before start of growth.
jucylucy
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I wish to but... i think first we gonna see 200-2000$ targets first, we have ahead a great depression, even BTC can't escape from that.
Fact: If depression comes, people will move their money from X to Y. Wealth will not "dissapear".
Question: Will it be about survival? For food on the table to survive (Extreme global crisis) or (Normal recession) people can to venture in to other assets like they feel safe - like BTC, gold or bonds we don't know
It depends on your perception a lot on the world. I think due to corona there is a lot of negativity but the outcome is not yet clear.
We can maybe expect growth to slow down and periodically decline, but at some point there wille come a turning point.
The world is not going away, and BTC won't either.
The expectation during last 1-2 years was (and still is) a new bull market after the halvening, with a peak at December 2021.
The markets like to give us surprises. So it is an interesting idea to expect the unexpected: no bull market until 2022.
And when everybody falls to the despair, a brand new bull market begins (early 2022), bewildering the crowd.