Notice how the chart goes below the long support line and then shoots up a few weeks later, basically non stop for a while. This appears to be happening again these days, and I would expect the price to go over the support line in the next few days. Of course 9k is exaggerated but who knows, that would still be "only" a 1T$ market cap. The coming recession could play a part in these seemingly absurd predictions, although I do not dare to say where crypto will go when that happens, given that a lot of crypto "users" are traditional traders who perhaps pull their money out into something more stable in their opinion. Regardless, I think eventually crypto will profit in a crisis, and then those numbers start to make a bit more sense.
But 1k until March I find totally reasonable with all the good news, provided a smooth POS launch.
But 1k until March I find totally reasonable with all the good news, provided a smooth POS launch.