From a technical standpoint, it's not something we get to witness too often. Bitcoin had similar patterns back in 2013 that lead the market in a parabolic run. And while it's still hard to propose a supercycle, If BTC manages to sustain the same narrative for few more months, we might experience a lot more action to take place.
According to Bloomberg strategist, Mike McGlone, Bitcoin could be trading for more than $400,000 by 2022, should the markets follow the trends previously witnessed during 2013 and 2017. McGlone recently claimed that Bitcoin is "well on its way to becoming a global digital reserve asset."
Hmmm, not sure what to think of this one.
$400k per BTC would mean a market cap close to $10 Trillion!
KK, that would definitely be a gamechanger that would set BTC in a favorable position, whereby the real mass adoption would happen. However, it's worth playing the game smart, having six consecutive green candles in a raw, statistically speaking, implies that a red candle is more likely to happen haha.
And while the majority watches 2017 bull as a point of reference, we still have to be aware that it means nothing. It may have some similarities but it doesn't mean it'll continue with the same patterns.
Regardless, this is fucking president, it shows the lack of trust more and more people have towards centralized forms of both money, and governance.