What is going on already Randall here from crypto lo2 days episode, we're going to be taking a look at is 100000 Bitcoin possible there's been a lot of talk about 100000 Bitcoin coming up after this next happening. I want to take a look and see is this something we can expect to see, or is this just a lot of hype like McAfee saying he would eat his own dick? So if you think that's interesting, definitely join me for today's episode, Music, alright, guys happening Monday, welcome to today's episode in today's episode, we are taking a look at is 100000 bitcoin possible, yes or no, so why am I doing this? Well over the past few days? A bunch of crypto youtubers have been saying: 100000 Bitcoin bull run as priced eyes, 10000 ddoleri, but they're, not the only ones. As a matter of fact, legendary trader Peter Brant, analyzes Bitcoin and says that the Bitcoin rally will go much higher than a hundred thousand dollars about a month or two ago he said a hundred thousand dollars now he's saying more than a hundred thousand dollars. Why is this well he's? Taking a look at these parabolic run? Ups that we see here, he says we can use recent low. That we've, seen back in December to connect to December 2018 is redefining the parabolic advanced that could be in the process of developing. Now I don't want to get too far ahead of myself, but I can make an argument here that I'm not really sure can we make it that we're going a lot higher than a hundred thousand dollars and it won't be until 2021, so he's saying going way Higher than a hundred thousand dollars, but not in 2020, not going to happen till 2021, which is a year that a lot of people have talked about for 100000 Bitcoin now further.
He talks about these continuation symmetrical triangles here, where basically he's going to look at this continuation as time goes on and starts to challenge the upper line here. If this can take out the upper line here, if we take out the highs we make back in June, then we believe this symmetrical trial and can really start accelerating the bull trend in Bitcoin. Now that would be great news, but we would need to take out those highs we saw back in June now I myself have taken a look at Bitcoin price, doing some amateur technical analysis, amateur data analysis whatever and have come up with a couple: Bitcoin price predictions For 2020, 2021 after the bull after the having to be somewhere between eighty five thousand dollars based on there's one, I did in the Bitcoin 2020 praised having price prediction or up to 150000 in the my Bitcoin exit strategy. If you want to find those things, I'll post the links down in the comments – or you could just look at my previous videos, so everything's looking great, I mean we have having's coming up. We have great trade, is saying 100000 Bitcoin at that minimum. We have a bunch of crypto youtubers, saying the price is going up 100000. Why on earth wouldn't it go up to 100000 right. Well, first things first right now: we're starting to enter greedy territory with the crypto fear and greed index. Not only is everybody saying the price of bitcoins going up, but we have everybody being greedy thinking, oh ha ha ha.
The price is going up, but there's a few other things that I think people need to remember when we're taking a look at this, because even though Bitcoin has had two parabolic run – ups, maybe 3 2 2 3 parabolic runs previously, especially ones associated with the having's. That does not necessarily mean it will happen again. History doesn't repeat itself at rhymes, it doesn't repeat itself and especially when people expect something oftentimes, you get something different. The best laid plans of mice and men are often go awry. So what am I talking about? Well, back here in December of 2017, we have something that Bitcoin has never seen before. Can you figure out what that is pause, the video and comment down in the comments see if you can figure it out well for those of you who actually took the time to pause the video and do that it was Bitcoin futures before that point, nobody could Bet against Bitcoin at that point everybody was either Pro Bitcoin or they were not involved. Well, once Bitcoin futures came out, people could bet against Bitcoin. They could short Bitcoin and in doing so that affects the price negatively because that's where people wanted to go, but that could fundamentally change the way that Bitcoin works and I don't know I'm, not a professional trader. I don't know how that's going to affect things but taking a look, there's two options in terms of where we have to go with Bitcoin futures affecting things or Bitcoin futures, not affecting things, so this be for Bitcoin right here.
If futures do affect things, and maybe that 20000 was the highest we'll ever see, then potentially we could ride this trend. Lamp, try and line down to the end of 2021, seeing maybe a six thousand dollar Bitcoin going to a two thousand 1000. Eventually, all the way down as people short it because they just think it's old it's, not useful, all that stuff that's one option. The other option is, you know this other trend line this one going up where, eventually, by the end of 2020 120, we will see somewhere around 100000 Bitcoin. So we kind of have a crux right here, going between two different ways and I honestly don't know which way is going to go. So what did I do? I made some lists. The pros and cons of 100000 Bitcoin, so let's take a look at the pros. First, first, we have a Bitcoin hacking and generally within two years of Bitcoin. Having actually so far has been one and a half years of a Bitcoin having we have had a significant price increase if parabolic run up with a blow off top and a lot of games, so we've got that going for us also recurring. Parabolic runs there's been at least three parabolic run ups with Bitcoin ready one two three and everybody wants four, so we have four parabolic run ups with Bitcoin, so recurring parabolic runs we're just waiting for that stuff. hefyd, a big one, at least in my mind, is a fixed supply, simple economic supply and demand.
If this supply is fixed and the demand stays the same, then the price will stay the same, but if the demand increases, if it becomes more popular, the price is going to go exponentially. Well, there's a fixed supply of Bitcoin, but really it is a deflationary supply. So the amount coming in decreases over time and that's what this having sparks a lot of followers, because they're like hey I'm, not gon na, be able to get it and that could cause that and then fourth Bitcoin, basically just crushing the old monetary system. This Swift banking system completely useless working in cash and using banks completely unnecessary because we have Bitcoin and other cryptocurrencies. So all for the four of those things are saying: hey Bitcoin other cryptocurrencies are good, potentially prior to go up. Fodd bynnag, there are some cons. The cons would be the futures, like I discussed before now. People can bet against Bitcoin a lot of people bet against Bitcoin, so that's one thing second, everyone's expecting 100000 Bitcoin, I mean pretty much every channels been saying: 100000 Bitcoin everybody expects, after the having the price to go up to 100000, so everybody's expecting it and third, We have strong resistance from banks and people supporting banks, so a lot of banks are against Bitcoin and crypto currencies. A lot of people like Warren Buffett who invest heavily in banks are against Bitcoin cryptocurrencies, so that's the pros and the cons. Lastly, my last little thing that I will say is remember the tickle me elmo craze.
I think this is the Silver Bullet. This is the thing that could definitely drive Bitcoin to 100000 or higher, and not because Bitcoin is red and furry and it's ticklish, but because there is a limited amount of Bitcoin. I remember when I for I got into Bitcoin. The only thing I knew about it was that's that thing with the fixed supply. What happens when they run out of it then got into Bitcoin and was like wow. This is pretty crazy. Well guess what? Because there is a fixed supply, it causes crazies in tickle me elmo. Some of you might not remember because it happened 20 years ago and a lot of you were probably like 17 18 years old. What? Basically? This was a limited edition toy around Christmas people went crazy to try and get it. The price of it went up through the roof kind of like Bitcoin would do after the half a after people realize this limited supply. There'S not that many left they want to get their own Bitcoin before everybody else. Now we just have to ask: is this Tickle Me Elmo phase a Bitcoin? Did it happen already here are twenty thousand dollars or is it yet to happen? That'S the big question, but the answer is remember: tickle me elmo. So thanks for watching guys, I hope you enjoyed that video I'll catch. You guys later make sure you check out the monarch wallet hold Bitcoin at 3000.