First let me say that it doesn't really matter when it happens. 6 digit BTC will come, only question is when. But end of year is a fun idea so let's dig in.
Is there precedent for an asset having a massive run up, then a long brutal corrective period followed by a spectacular blow off top later that year? Yes, of course.
Ethereum did almost excactly that in 2017, ended the year 237% higher than the "top"
Ethereum did almost excactly that in 2017, ended the year 237% higher than the "top"
https://twitter.com/TheCryptoLark/status/1415874597157670915
BTW BTC would only need a 50% higher high than the ATH to hit 6 digits.
I also like this chart from Ben Cowen about Bitcoin cycle ROI. Either this was the shortest cycle with the lowest ROI or we are going to get a pretty spectacular second act.
https://twitter.com/intocryptoverse/status/1409547138200227843
The #bitcoin logarithmic growth curve barely got past its midpoint, and was far away from reaching its top for this cycle. It doesn't "have to", but it is curious it hasn't. Translation, more fuel in the hopium tank for H2 2021! 
Sentiment wise we are very bearish. I can give ample anecdotal evidence from my comment section here and on YT, many are feeling very very pessimistic.
BTC fear and greed index has basically been below 25 for over 2 months!
BTC fear and greed index has basically been below 25 for over 2 months!
This fear has been aided in large part by a stream of media stories about the end of crypto, regulations, and China bans.
Keep in mind that the switch can be flipped back to bullish with a moment's notice. How do you think the market would react to an Apple or Facebook buy?
Keep in mind that the switch can be flipped back to bullish with a moment's notice. How do you think the market would react to an Apple or Facebook buy?
Although 44.9% of your peers believe that Bitcoin can still finish the year with a bang!
But if the herd is usually wrong then maybe the contrarions will be right and 64k was the top of this market cycle.
But if the herd is usually wrong then maybe the contrarions will be right and 64k was the top of this market cycle.
https://twitter.com/TheCryptoLark/status/1417056850026012674
BUT what we really need is new fuel for the bull engine.
Defi summer 2020 was bull fuel
Institutions buying was bull fuel in Q4 2020, and Q1 2021
What will our next big spark be????
Defi summer 2020 was bull fuel
Institutions buying was bull fuel in Q4 2020, and Q1 2021
What will our next big spark be????
A Bitcoin ETF!
C'mon America, let's get it done!!!
Currently there are 13 applications at the SEC from some of the biggest names in finance like Ark and Fidelity.
Both Canada and Brazil have approved ETFs.
This is a when not if situation
C'mon America, let's get it done!!!
Currently there are 13 applications at the SEC from some of the biggest names in finance like Ark and Fidelity.
Both Canada and Brazil have approved ETFs.
This is a when not if situation
BUT, will that when be Q4 2021? Maybe, maybe not. Great answer Lark!
Whenever it finally does happen the BTC ETF will be major bull fuel.
Remember gold ETFs kicked off a 7 year 400% gain bull run for gold.
Whenever it finally does happen the BTC ETF will be major bull fuel.
Remember gold ETFs kicked off a 7 year 400% gain bull run for gold.
• • •
Missing some Tweet in this thread? You can try to
force a refresh
