@nagihatoum, Agreed. If one sticks to the so-called "simple rules" without adding a lot of wishful thinking, when you look at the price development in the video, one sees at best a sideways trending market, with lower highs since 2018, that is objectively all there is to see.
@MERCmethod, in my time in the stock market, I have learned not to rule out anything, but at the same time I am very sceptical whether this alone is sufficient reason to justify the expectation of a rally towards $250,000
@MERCmethod, well, for one thing, because Gold has been traded for over 5000 years in the history of mankind and has reached ever higher highs during this time and Bitcoin has only been traded for 10 years and doesn't seem to make it. Gold cannot be destroyed, where will Bitcoin be when all Chinese miner nodes are shut down?
@ReallyMe, IF BTC was a scam and a Ponzi and everything else the bears are throwing at it, it would have disappeared on its first greater than 80% drop. Its already shown durability after surviving 3 brutal bear markets. Don't be Noriel Roubini or Peter Schiff. Both have been calling tops since $100.
@ReallyMe, "Its already shown durability after surviving 3 brutal bear markets." - were talking about BTC not Gold. Your comments 100% agree with what I'm saying, Tulipmania started on 12th November 1636 (not 1620) where prices traded close to 1, peaked on Feb 3rd, 1637 at close to 200 and collapsed to 0.10 by May 1st. Mania's begin and end in relatively short periods of time. BTC is not mania, it's not growing exponentially.