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When most publicly anticipate BTC to reach 100k eoy, it actually means we are either at peak or it goes to 200k+

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by COINS NEWS 216 Views

Every bull market there's prediction stated by major players, public investors, companies which was always either not fulfilled or price went beyond and above. Last cycle when we hit 64k people were predicting 40k max, at 50k mania started pushing price to highest highs... This cycle is no different, if everyone expects 100k then obviously shorts will be selling way before that or longs will win with resistance and will push price to new mania levels.

It's interesting to watch it this cycle due to FED printing money and openly admitting with flooding markets with liquidity which helps to sustain high prices because there is really no point in selling and taking much profits when everyone knows money will be kept printed as long as rates are low. Saying Stonks only go up is stupid but so is current economy situation so probably there is some truth to it.

submitted by /u/SquarelyCubed
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