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RE: Why Bitcoin Could Reach $23,000 Soon
Take cryptocurrency market cap, multiply by 50% market share (or divide by 2) and divide supply of Bitcoin into that. It comes to very close to $23,000 (market cap fluctuates obviously so it will change, but as of today it's right around that range).
Looking at the difference between previous highs and the next high after a breakout, a few times it's 10% or 20% higher, but many times it's 50% higher, and even 200%, like from $8K to $18K and $1,300 to $2,700K. And since $20K surely is a monumental psychological barrier/milestone, if we break through that, imo, we could easily go quickly up to $30K. And after that hopefully $20K becomes the new support to take it even higher in the future.
P.S. I really like your videos and your commentary. Thank you very much for doing this. Keep up the great work!