I have been asking this question for the past month, is it going higher or lower? My intuition says that we may be in for a long hodl. Long term however there is little doubt.
If Bitcoin smashes through 65k again you better be ready for it because it will happen fast. It looks like the entire pump since October has been dumped now.
This last run up Brought a lot more attention to bitcoin and Many people are just getting in at this level. Some bought in at the 60,000 level, And even if it takes another 3 years ₿ will probably double in value again as market cap grows.
I have been watching the market cap of cryptos for several years and am expecting capital to move back into ₿TC from ETH, Tether, and as a result of DeFi. There may be a quadrillion safemoon but there will only be 21m ₿TC and 21m ZEC.
What is your forecast for 2021-2022 and what are you looking at other than Bitcoin?