Everyone’s talking about how there’s “no liquidity above $80k,” all sell orders, etc. But let’s take a look back at the last cycle. On December 16, 2020, Bitcoin broke its previous high, crossing $20k. It consolidated for a week, and by January 8, 2021, it had surged to $40k. In just over 20 days, it went from $20k to $40k – was liquidity a problem then?
Don’t get stuck thinking history can’t repeat itself. When momentum kicks in, these kinds of explosive moves are absolutely in the realm of possibility.