Institutional & Corp FOMO to send Bitcoin to $278k Apr/May '21
The Chart speaks for itself.
Essentially you're looking at a Fractal of 2017 bullrun against the 2020/2021 Bullrun.
The pace of the 2021 parabola is twice as fast as the 2017.
Is this likely change? I don't think so.
I think in the coming months we will continue to see Large Corporations buying and holding Bitcoin along with Hedge Funds and other institutions and the supply of Bitcoin is quite simply, not there.
Long to $69k.
Short to $45k
Long to $278k
Enjoy the ride.
Essentially you're looking at a Fractal of 2017 bullrun against the 2020/2021 Bullrun.
The pace of the 2021 parabola is twice as fast as the 2017.
Is this likely change? I don't think so.
I think in the coming months we will continue to see Large Corporations buying and holding Bitcoin along with Hedge Funds and other institutions and the supply of Bitcoin is quite simply, not there.
Long to $69k.
Short to $45k
Long to $278k
Enjoy the ride.