Bitcoin Christmas Special

As anticipated, Bitcoin has been barreling toward the logarithmic support, with a potential for some deep discounts if you're lucky. I hope to see the price go as low as possible, although the calls for $2800 BTC are pretty far fetched. The psychology of such a statement implies that Bitcoin will dip below 6K, which is possible but probably not for very long.

2017 saw explosive growth for Bitcoin and cryptocurrencies in general, but back then the Federal reserve was tightening their balance sheet, and new liquidity wasn't being pumped into the markets. This time around, the Industrial Production Index is moving into negatives, just like in 2016-2017, but the excess liquidity being pumped into the system almost guarantees (just my opinion, probably wrong) that another crypto bull run is coming in 2020.

We'll see.