Projecting out the potential future price of BTC in years to come. Looks like we are currently below the major historical support line. However, if we project out with dates (including the theory of lengthening cycles) and percentage increases from the past bull cycles, we are looking at a BTC price target of 300k to 500k April 2022. Which in reality isn't far off, but it can seem like a lifetime in the crypto space.
BTC could benefit from the unlimited QE taking place by the Fed. With BTC looking more and more correlated with the stock market, you would think if the stock market continues into bubble territory, then BTC will as well. Bubbles can take years to play out and I'm not in a position to try to short the market even though we are seeing economic downturn. It might be best to ride the wave until inflation sets in, which could then make BTC even more of a hedge against the dollar.
-Theo III
This is not financial advise and these are only my thoughts and opinions on the current/future state of the markets.
BTC could benefit from the unlimited QE taking place by the Fed. With BTC looking more and more correlated with the stock market, you would think if the stock market continues into bubble territory, then BTC will as well. Bubbles can take years to play out and I'm not in a position to try to short the market even though we are seeing economic downturn. It might be best to ride the wave until inflation sets in, which could then make BTC even more of a hedge against the dollar.
-Theo III
This is not financial advise and these are only my thoughts and opinions on the current/future state of the markets.