The truth is that a new all-time high is just us being optimistic. The truth is that there is not enough data for us to make such a prediction. The altcoins market is turning out to be super strong, Bitcoin is doing great and we expect amazing growth, but I cannot say that a new all-time high is a certainty on this chart, there is simply not enough data. I can't rule it out either, so that's the situation in which we find ourselves.
The next question: Can we make an educated guess based on the data that's available?
Yes! Absolutely.
» Standard projections based on mid-range price action opens up high probability targets around 0.10, 0.15 and 0.21.
» Long-term projections based on the previous cycle (2021-2022) gives us a minimum target of 0.33 and 0.52.
» A great bull market opens up 1.35 and 2.17. But even these numbers can be tricky because we are putting limitations on something that has no limits.
The way we extract these numbers is based on past action, the way the market works is based on present day events and what the future holds. Present day and the future are much different to the conditions we had just a few years ago. Just a few months ago (last year) the market was in such a different situation. A certain group of people whom I won't mention were trying to shutdown the market through capricious lawsuits and abuse of power, today, the market is fully encouraged to grow. This type of development is what can make the difference between a standard high and a major new all-time high. I would aim high just to be on the safe side.
The top will not be over in an hour or days. It can take weeks, sometimes even months. There is also the double-top possibility or in the least, the dead-cat bounce, lower high after the final peak. That is, there will be plenty of time to sell. We just need to become very alert, wise and active when the action is happening around major resistance zones.
We can tell if the top is in by tracking the rest of the market. I will be here sharing charts.
The market will decide, we can only speculate. With that said, we know we are going way beyond the standard and the minimum, the Cryptocurrency market is already doing great. Expect maximum growth; hope for the best, prepare for the best.
Namaste.
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