$400-820K by Fall 2025
In Bitcoin's short history, we've learned a couple of things that may remain consistent throughout Bitcoin's future (at least until the volatility decreases).
1: After each bull run, there's approximately an 85% correction
2: During the first two 4 year cycles, the angle for the top of the bull market (peak price) has decreased from 56 degrees to 39 degrees, which is a 70% decrease in peak price.
3: The 200 week moving average (shown in purple) has provided some major support throughout the bull and bear markets.
4: The 20 week moving average (shown in pink) has provided some major resistance throughout the bear market and support throughout the bull market.
With a decreasing angular projection of future price at 27 degrees from the current low of $3150, we can forecast the range for the next bull market do land somewhere between 75K and 370K which will occur in the latter part of 2021 or early 2022. Why such a wide spread even though we know the angular projection goes down by 70% in each cycle? Simple. We have yet to see crypto become mainstream, everyday usage technology, like the smartphone and internet. When it does - and it will in the near future, we have to account for the hype and rapid adoption at some point, and I believe it is going to come in the next two cycles.
Decreasing the angular peak projections by another 70% to 19% for the bull run starting in 2023, we can project the next peak to occur around the latter part of 2025 and range between 400k and 820K. At this point, the volatility will be very low and the price will continue to rise to around
1M over the next 4 year cycle.
Hoping for the 370K and the 820K. (;-)
CryptoJammer
1: After each bull run, there's approximately an 85% correction
2: During the first two 4 year cycles, the angle for the top of the bull market (peak price) has decreased from 56 degrees to 39 degrees, which is a 70% decrease in peak price.
3: The 200 week moving average (shown in purple) has provided some major support throughout the bull and bear markets.
4: The 20 week moving average (shown in pink) has provided some major resistance throughout the bear market and support throughout the bull market.
With a decreasing angular projection of future price at 27 degrees from the current low of $3150, we can forecast the range for the next bull market do land somewhere between 75K and 370K which will occur in the latter part of 2021 or early 2022. Why such a wide spread even though we know the angular projection goes down by 70% in each cycle? Simple. We have yet to see crypto become mainstream, everyday usage technology, like the smartphone and internet. When it does - and it will in the near future, we have to account for the hype and rapid adoption at some point, and I believe it is going to come in the next two cycles.
Decreasing the angular peak projections by another 70% to 19% for the bull run starting in 2023, we can project the next peak to occur around the latter part of 2025 and range between 400k and 820K. At this point, the volatility will be very low and the price will continue to rise to around
1M over the next 4 year cycle.Hoping for the 370K and the 820K. (;-)
CryptoJammer
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