Several months ago, I believe I called the bottom for BitCoin at around the level of $2,745 - or something like that. WHERE IS THE BITCOIN BOTTOM? However, the bulls held very strong at the $3K level, and it never flirted below that level for any length of time.
I'd say my call was pretty close. It's based on my own way of doing TA and, judging from the past movements and impulses in the BTC price, I'd call a comfortable sell target for this next round of impulses in the range of $90K - $120K. I know that's a huge range, but the cryptos are so very volatile and unpredictable. But, if I were holding a crap-ton of BTC (which I am not - I'm more partial to LiteCoin), I wouldn't take profits on it for anything less than $75K or $80K, and then I'd only take partial profits - if I wanted to live a little larger.
For silver - I'm not selling for anything less than $120/oz. I think that will be possibly doubled or tripled ($350 - $500/oz) sometime before the end of the next decade - probably sooner.
And, I wouldn't sell any currently held gold for less than $5K/oz., but I think $10K is well within reality within the next decade.
Great call on btc! I hope your metals predictions come true too — just not too soon 🤩👍
I think we'll really start to see increasingly rapid changes in the world's financial markets as time progresses. In 3 or 4 years, I don't think we'll even recognize the financial landscape we find ourselves in - as compared to how people see markets today. Change is coming, and it will be more and faster as it plays out. The real key will be the demise of the U.S. Petro-Dollar, and how that timing all plays out. A new Reserve Currency could well include precious metals, national FIAT currencies, and a crypto element - all rolled into one. Or, it might be something most of us are not even expecting or aware of. Needless to say, an increasingly volatile world is ahead of us, and new things will be afoot. This bodes well for cryptos and metals, IMHO. When the dollar goes away, watch out for metals to hit the roof and break a few necks in the process. The real trick will be when and how to best transfer your various forms of money into other things that you need and/or want - how to maximize your wealth-preservation efforts, without being taken to the cleaners.