What it Would take to Defeat the Big Grizzly Bear
The total crypto market cap would have to cross the 120+ billion level. That number lowers with time, as the log down trendline advances into lower numbers (so, for instance, if it were to happen now, it would have to be 130 billion; if it happened in April, 120 billion would suffice to break that line): this is why time is so important. Time is as important as price. We often underestimate the importance of time.
A bunch of things are happening (Lightning Network ecosystem booming, Bakkt coming in 2019, etc.) - it's impossible to predict when that will happen. Remember also we don't need 10 billion fresh fiat into crypto to go above that, that's now how market cap works. It's not about fiat pouring into BTC/crypto, rather, it's about the PERCEPTION of value. (For instance, if by tomorrow nobody wanted to sell their crypto anymore, the supply would be reduced and the price would rise instantly without having new fiat pour into crypto).
Let's see how this develops. Have fun.
A bunch of things are happening (Lightning Network ecosystem booming, Bakkt coming in 2019, etc.) - it's impossible to predict when that will happen. Remember also we don't need 10 billion fresh fiat into crypto to go above that, that's now how market cap works. It's not about fiat pouring into BTC/crypto, rather, it's about the PERCEPTION of value. (For instance, if by tomorrow nobody wanted to sell their crypto anymore, the supply would be reduced and the price would rise instantly without having new fiat pour into crypto).
Let's see how this develops. Have fun.
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