The following plot is likely to unfold as follows: Bitcoin slowly rises all the way, first reaching 110,000, then 120,000, and 130,000. As a result, a bunch of people can't help but short it, thinking they have 'topped out.' Then Bitcoin retraces slightly, causing a wave of panic in the market, with everyone thinking 'a major crash is coming.' What happens next? Bitcoin continues to climb steadily, crushing the shorts bit by bit, directly reaching 150,000, or even 160,000 dollars. At this pace, we might really see 150,000 within two months, and by then, the bears will probably be left dumbfounded.