Market Top of Bitcoin at 140,000 USD
Looking at the chart progression since 2013. In this chart I have charted date and price range since the halving to the top of the bull cycle. In 2013 BTC price rallied upto 12,000% since the halving in 400 days. Like wise in the 2018 bull cycle BTC price rallied upto 3,000% since the halving in around 500 days. In these two cycle the market top decreased by a factor of 4 and the time range increased by 100 days. So keeping that in mind if we are to decrease the top in this bull cycle by a factor of 2 then with 1500% increase since the halving, the estimated price of BTC top of this bull cycle will be around 140,000 USD.
This is NOT financial advice. Doing this just for entertainment purpose afterthe massive price crash we just saw this week.
This is NOT financial advice. Doing this just for entertainment purpose afterthe massive price crash we just saw this week.
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