Hello Butterful, what are you doing for my next 6 months?Butters has a bit of a wyc*koff* at the moment and so is feeling a bit down. but I'm sure he'll perk up, either into a consolidation triangle with AllTimeHigh as resistance, or more likely the PBOC has given us the 'Bitfinex moment' of this cycle and we'll have a chance to BTFD around 5200 (butters likes to revisit previous ATH's and lower trendlines out of nostalgia and because honeybadgers are related to bears so it's nice to give them a little something now and again ;)
after the dip there will be a period of sideways, false breakouts, stop hunts, pumps & dumps and general confusion. china will ban it, trump will pump it, a mimblewimble with two heads will be born and bitcoin will die for the 1000th time.
sometime around june or july Butters might just get his boots on.
"what kind of boots are they?" you ask
Why, they're MOONBOOTS BABY!
ok, be calm. Butters is more mature now so don't expect the parabolic exuberance of 2013, when things got so extreme a unicorn would leap out of your laptop,(free) vomiting (pro) rainbow coloured cupcakes (Pro+) and farting Bassnectar (Premium subscribers only).
do expect FOMO, media driven buy-in and people in hyperinflationary countries catching on to bitcoin as a value holding inflation hedge and cheap remittance method, as well as govenments to try anything from banning it outright to adopting it wholesale. do expect the whole thing to flop if the lightning can't be networked or the witnesses can't be segregated.
tl:dr the timing might be off but expect the same moves in the same order as the last 2 bull cycles because composite man or some such gestalt entity at work
tl:dr of the tl:dr pain, then confusion, then pleasure. just like the first time you... bought bitcoins
