It'll probably go higher than anyone honestly expects, leaving people rekt who were trying to get cute thinking they'd re-buy lower, only to buy in higher and then truly suffering on the retrace that will not go low enough for the majority....
There's gonna be carnage of epic proportions.
Reck is only for traders. The amount of money it takes to maintain prices is exponential, people are not aware of the dynamics of the markets. Remember this figure, 120k.
Bitcoin always disappoints everyone, bears and bulls alike.
Why is it exponential? Price is based on market liquidity, so all you need is strong hodlers, which it seems like we have.
It's diminishing returns, the 1000x gains are mostly gone. Just applying simple fibs you can see anything above 300k+ is unreasonable. Look going from 16k to 250k in a couple years is still pretty amazing. All I'm saying people is let's keep discussions based in reality and not FOMO.
Also it's not really about arbitrary expectations, it's about math, supply and demand.
