Just so everyone has some perspective on this.ETH went up 2x in 14 days. Between Dec 30th and January 13th ETH went from $753 to $1,432.BTC reached its ATH on Dec 16th, 2017 at a price of $20,089, by Jan 13th, the day ETH hit its all time high, BTC was trading at $13,952.The day BTC hit its ATH Dec 16th 2017, ETH was trading a high of 718 on the day.This time around ETH is trading at a price of $759 today, While BTC continues to make all time highs every day. Once BTC hits its all time high it could be a month before ETH gets even close to its new all time high.No one knows for sure what will happen, but do we really think BTC is going to bust through its previous ATH by an extra 10k at least and ETH is going to stop at half its ATH, seriously??? ETH will see it’s all time high soon and it’s going to bust through it just like BTC is doing now.I happen to think Bitcoin is reaching a scarcity that can’t be overcome, dips will be phantom dips, as the market will indicate a dip should be happening but in reality the sell orders are being bought up by the next institution secretly buying in. People will be scratching their heads wondering why the RSI flipped and why they can’t get in lower. So I think ALT season is going to happen either way, but it will be a phantom dip that gets it going.This is going to be a nice few months...
Submitted December 31, 2020 at 04:51PM
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