Most everyone can agree crypto has entered a new bull run. You may be asking, did I miss my chance to get in? How high will it go?
Bitcoin has a habit of repeating patterns. Let's look at some of these patterns and see if we might be able to predict the next top.
At the end of 2013 we saw nearly a 10,000% increase in the price of BTC, followed by an 80% correction.
At the end of 2017 we saw another 10,000% increase followed by an 80% correction.
If this pattern repeats, we're looking at a 10,000% increase from the previous low of around $4000, putting the next top at around $400,000.
So, no, it's not too late to get in and definitely not time to sell.
It's also worth considering that the number of people using crypto is following it's own flavor of Moore's law, nearly doubling every year. The current adoption rate is around 1% worldwide, 11% in the US. (source) So, if you currently own ANY crypto, YOU ARE AN EARLY ADOPTER. These statistics combined with a worldwide pandemic with massive fiat inflation may make the 400k target a bit conservative.
