According to this model, again, we are trying to cross the chasm and transit from the left side to the right side. It's a process.
We will need at least 5 years of chopping up and down but I still believe we need at least 74k-82k$ to fill before going down into a real destructive financial hurricane.
If we go up, perma bears who believe that we are about to go straight down to 22 - 14k$ will be liquidated and they will be forced to buy the meltup.
Once we reach 70-80k$, perma bulls will post 100k$ BTC charts again but unfortunately, they will be sent to goblin town for years.
We will need at least 5 years of chopping up and down but I still believe we need at least 74k-82k$ to fill before going down into a real destructive financial hurricane.
If we go up, perma bears who believe that we are about to go straight down to 22 - 14k$ will be liquidated and they will be forced to buy the meltup.
Once we reach 70-80k$, perma bulls will post 100k$ BTC charts again but unfortunately, they will be sent to goblin town for years.
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