Where does Bitcoin go from here?

22 Mei 2021

You are probably wondering where we at with the Bitcoin and where it goes from here. Yeah this is what I want to know as well and I am trying to find some answers in the past as backward as it may seem. Of course I am well aware that history does not perfectly repeats itself but rather rhymes. I was wondering whether there are any similarities to 2017 era. I marked two points on the charts that are strikingly similar to each other. The dip and failure to quickly overcome weakness by further progressing to all time highs resulted in a long crypto winter back in 2017. Now in 2021 there are two levels to watch: approx. 45K USD, we need to clear it and close above within next week or two. If this goes well then within another 2-3 weeks we need to clear 55-56K USD level before breaking all time high at approx. 65K USD area, otherwise... we will quickly drop below 30K USD and from there we will see a lot of selling presure in peaks and a complete retrace of recent upward movement followed by long and painful slide lower, lower and lower.

There you go, two possible scenarios but 'this is crypto' and we can see Elon Musk, China or US regulators chiming in, the RobinHooders & Redditors will either BUY or SELL for all the wrong reasons, because there is nothing much else to do and life is anyway borring. I mean how many times did China ban Bitcoin? How many Teslas did Elon Musk exchange (sold) for Bitcoin? It is obvious that nobody knows and nobody even cares in this meme world of economy.

Lets go all in with all the Elons on DOGE! Hell yeah!