$47,247.76 -1.19%
BTC · 4d

Why is no one talking about the upcoming Taproot network upgrade?

EDIT: Why is no one talking about the upcoming Taproot network upgrade and ITS POTENTIAL CATALYST EFFECT ON THE BTC PRICE ACTION? __________________________________ If we look back at 4 years ago, within the 3 months preceding the last #BTC network upgrade the price of BTC traded between $930 and $978. As May drew to a close, the price of bitcoin climbed above $2,000 for the first time and surpassed $3,000 just weeks later. Those price milestones were often accompanied by subsequent turbulence, including a drop of $300 within one hour just a day after the $3,000 line was first crossed. 🙌🏽 By the first week of September - 15 days after the turbolence around the network upgrade (Aug 24th) the global crackdown on unregulated ICOs Bitcoin and the pending closure of China's "Big Three" exchanges - Bitcoin exceeded $5,000 and continued its bull run towards $19,783 History doesn’t always repeats itself, but IMO there’s a high chance that a similar trend happens before year end. We are seeing increasing long-term hodlers, an OBV about to reach new ATH, ATL #BTC supply, FED tapering and SEC regulations unlikely to come before 2022 and most importantly the new BTC upgrade coming in November! If history repeats itself this year we could see #BTC and #Altcoins reaching levels never seen before. My bet is that BTC will top around $250K, ETH will end up at around $15K and DOT will peak $210 This run will most likely end with a 60-70% crash for BTC and 80% for Altcoins before Q4 ends! THOUGHTS? 🚀
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