UNLESS the previous norms are broken that's what the math say lol. I don't know why you are having trouble understanding this...its not up for debate. 20k--->3k--->70k--->14k--->250k--->47k 68k would be an 80% retrace of 350k. Is that what you are saying the top will be this round?
You’re not wrong. It looks like the ride might get bumpy. You ready for the dip or just watching it unfold?
(Bloomberg) Will Microstrategy leap to Nasdaq 100? Donald Trump's election may have been the match that lit the speculative fires burning at every edge of US markets these days. But the person sitting in the middle of it all is Michael Saylor. He's Bitcoin's cheerleader in chief: The software company he runs, MicroStrategy, has amassed $40 billion of the cryptocurrency. Saylor is the hero of day traders, overseeing a 500% rally in MicroStrategy shares this year and spawning a golden age of ETFs wagering on its fortunes. He's even become one of the biggest players in convertible bonds, raising $6 billion through sales to hedge funds, among others, eager to capitalize on his stock's unhinged volatility. Bolstered by Trump's victory and the nomination of Paul Atkins as the Securities and Exchange Commission chief, Bitcoin has surged more than 130% this year to around $100,000. Exchange-traded funds own it, the government is being urged to buy it, and demand for Bitcoin-denominated loans has tripled. All of it is vindication for the oft-ridiculed Saylor as the barriers once blocking the growth of cryptocurrencies are being torn down. One of those is inclusion to a major index. On Friday, the Nasdaq 100 will announce changes to its annual makeover. Among the most speculated stocks to be included is MicroStrategy, which, thanks to its Bitcoin, has itself become extremely volatile with a 90-day volatility of more than 100%. (Tesla’s is 68% and Nvidia’s is 49%.) This is a big deal because some $451 billion in ETFs around the world directly track the Nasdaq 100, according to Bloomberg Intelligence’s James Seyffart.This means, if MicroStrategy is included, it will automatically go into in the portfolios of millions of institutional and retail investors by the end of the year whether they like it or not. In general, joining a major index can benefit companies and potentially propel their stock price higher. The same can happen with MicroStrategy, which already saw a phenomenal 10-fold increase in its market value this year to $100 billion. No matter what happens, the fact that MicroStrategy is a serious contender is a huge validation to those who have held firm on the stock. — Isabelle Lee
The chart was projecting all of this months before any of it transpired. I was calling for a 100k price back in January last year. THIS is why you guys are always late to the party lol...you read the news and act like you are somehow in the know because you get the tweet...when in actuality by the time you get the tweet the "news" is months old in the making if not more. You are basically announcing when they post these screenshots... "Hey everybody! Look at what I missed out on AGAIN!"
What are you guys talking about? Clearly this hasn't extended far enough yet. Edit...there is so much hogwash to sort through this thread so quickly that I am having to wait for the spam clock to expire between posts....