Bitcoin is on a roll, and the way things are looking right now, I think the rally is far from over. The amount of Tether is rising, which has always brought extra volume to Bitcoin, the economic and political situation is favoring Bitcoin extremely. And the mainstream has discovered Bitcoin more than ever before.
So, the big question is, where is this heading? My prediction, which is really worth shit, but still, it is a prediction, is that Bitcoin will break its all time high before the end of the year. Once that 17000 USD mark comes close, the shit will hit the fan, and the FOMO will become too hard to resist for a lot of people and institutions. Bitcoin will jump like never before, in my humble opinion. But then what?
In 2021, what will happen then? I expect a retracement, which would be completely normal, some bags offloading off course, but that won't take long, especially with Biden becoming president of the US in January. I expect people to become a bit wary of the US Dollar, and Bitcoin will rally even more as a new safe haven! Next year, I believe 50000 USD is really an option!
Oh well, we'll see, but interesting times ahead!
Sincerely,
Pele23
