BTC to 80k in 2024 based on a 4.85:1 bull run % ratio
Here is something more realistic, that takes into account how Bitcoin matures over time.
The ratio between the percentage gains of the two major Bitcoin bull runs (2011-2014, 2015-2017) is 4.85:1.
Applying this ratio to the 2015-2017 bull run, this would place our next high at ~80k. Which definitely sounds reasonable, as Bitcoin is no longer the $12 fringe asset it used to be.
Related analyses:
https://www.tradingview.com/chart/BLX/zIuAx581-Bitcoin-Market-Cycles-Using-Fib-Extensions-in-Time/
https://www.tradingview.com/chart/BLX/X9i60Vrp-BTC-Road-to-400k-by-2023-2024/
The ratio between the percentage gains of the two major Bitcoin bull runs (2011-2014, 2015-2017) is 4.85:1.
Applying this ratio to the 2015-2017 bull run, this would place our next high at ~80k. Which definitely sounds reasonable, as Bitcoin is no longer the $12 fringe asset it used to be.
Related analyses:
https://www.tradingview.com/chart/BLX/zIuAx581-Bitcoin-Market-Cycles-Using-Fib-Extensions-in-Time/
https://www.tradingview.com/chart/BLX/X9i60Vrp-BTC-Road-to-400k-by-2023-2024/
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