Bitcoin Looks Ready for New Highs; But Expect Dips

Bitcoin FOMO fractal

Bitcoin looks ready for new highs if history is any indicator, as you can see in this chart comparing BTC 2012 – 2016 to 2016 – 2020. With that said, we should all expect some dips along the way.

The road from $1k Bitcoin to $20k Bitcoin was full of volatility. Meanwhile, many coins that had been hot in previous cycles didn’t make it.

If we are so lucky to see a trip to say $50k – $100k BTC over the next year or so, expect it to be a bumpy ride and expect some coins not to come along for the ride at all.

Author: Thomas DeMichele

Thomas DeMichele has been working in the cryptocurrency information space since 2015 when was created. He has contributed to MakerDAO, Alpha Bot (the number one crypto bot on Discord),...

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