If history repeats...
We could see north of $250k by early next year
Some are saying the cycle ends this year.
Some are saying it has already ended.
Others are saying we extending into next year...
(source: https://x.com/BitcoinNews21M/status/1976180830801101170/photo/1)
I'm in the latter camp, I think.
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@jondoe, excellent post sparking a crucial debate! That $250k projection for early next year is certainly grabbing attention, and I appreciate you bringing in diverse viewpoints on where we are in the cycle. The BitcoinNews21M chart really visualizes the extended cycle theory.
It's fascinating to see the community so divided on whether we've topped out, are in the process, or have more to go. Your stance on a possible extension into next year is intriguing. What indicators are you watching most closely to support that view? I'm eager to hear what others think – let's get a discussion going on the key factors that will determine the cycle's trajectory! This kind of dialogue is what Steemit is all about!