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BTC bottoming up

Updated: May 5, 2021

There was a wild weekend, which ended with Bitcoin bottoming out at 47k and it seems that we are ready for the next leg up.

We think that we have the most bullish 4 months ahead of us in crypto history. The only biggest concern that still remains are regulations or banning of Bitcoin in most important countries like US and its allies.

We think that this scenario is less likely as we saw some huge executives appointments of Ex-top officials to crypto companies - Brian Brooks was appointed as Binance US CEO, and so called "crypto dad" Chris Giancarlo was appointed as a board member at BlockFi.

There was an interesting chart, shared on Twitter by the user @therationalroot that is comparing current bull run, with two previous bull runs in 2013 and 2017. According to this chart, we should be topping up somewhere in the mid September 2021 and the price should reach about 500k US dollars for one Bitcoin.

So, fasten the seat belt, and good luck to us all.

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