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RE: Is This Bitcoin Run Different From Runs In The Past? Is it Time To Consider Taking Some Profits?
I also think the price is going to retreat hard. In fact, I just made a post with a prediction that we'll have the opportunity to buy $500 Bitcoin in the future.
Just checked it out and I definitely agree with you. I felt so much more confident back in late 2016 and early 2017, because although it was making huge gains the increases were much more proportionate and predictable than they are currently. With the level of institutional money reaching the market, its clear that the huge investors will likely not be willing to take a tremendous loss or hold long term.
If the price reaches back down to the 2000 dollar level, which is entirely possible, I assume we will see a major dump and a rapid price fall to follow. Once the support leaves, it will take a very long time to get it back in my opinion. Thanks for reading!