What if Bitcoin ends up following the 2013 playbook?

Most of the current models make their price predictions like we are going to follow the 2017 playbook.

Which makes sense when you think about it...

The current market is much more similar to the market back in 2017 than it was to the market back in 2013.

2017 wasn't nearly as developed as we are right now, but by comparison to 2013, it was extremely well developed!

But, what if we instead followed what happened back in 2013?

2013 saw much more vertical price action in a short period of time that was eventually followed by a steep pullback before ultimately seeing it's blow off top.

2017 was more of a gradual build that ultimately saw one major blow off top.

Judging by how quickly we are going vertical right now, it's starting to feel more like 2013 than 2017...

(Source:

https://twitter.com/100trillionUSD/status/1342821166071902208/photo/1

- 100trillionUSD

)

If this trend continues we are going to blow the previous price predictions out of the water!

You've heard PlanB etc call for a $100k top during this current cycle, but if were to follow the bull market back in 2013, it would go way higher than that.

We would see something closer to $700k and we would see it well before the end of next year.

The bull market in 2013 went much higher than the one in 2017 in percentage terms and it happened in a lot shorter time frame.

I don't think we are going to keep this pace up, but as it stands right now we are right in between the bull market from 2013 and the one from 2017.

That would point to an eventual peak somewhere between $200k and $700k if this keeps up.

Barring some unexpected black-swan, like governments deciding they want to try and squash bitcoin, I think it's going to keep going up.

There is too much institutional involvement now and they won't be scared easily.

There will be dips along the way for sure, but if we are going north of $100k (or anywhere close to $700k) in less than a year, we are going to mostly keep grinding higher.

Enjoy the ride!

Stay informed my friends.

-Doc