BTC price adjusted for money supply did't even hit its ATH yet!
I took a closer look at the difference between the BLX/M1 chart and the standard BLX one.
I specifically looked at the times the price of BTC definitively crossed its previous ath. The difference between those charts in previous bull runs is minimal. In terms of time difference its 7d and 28d respectively and an about 30% to 40% difference.
BUT this time around we are actually still not at the actual ath (meaning in the M1 adjusted chart) while the classic BTC/USD price is way past its all time high. More than 300% of the USD gains are kinda fake.
We would need to hit around 100k $ to have a true ath.
Previously I estimated the BTC price to top out at between 200k-280k, but if you take all that into account I could see BTC go to 350k$ (even when they stopped printing fiat today which they aren't).
Let me know what you think! :)
I specifically looked at the times the price of BTC definitively crossed its previous ath. The difference between those charts in previous bull runs is minimal. In terms of time difference its 7d and 28d respectively and an about 30% to 40% difference.
BUT this time around we are actually still not at the actual ath (meaning in the M1 adjusted chart) while the classic BTC/USD price is way past its all time high. More than 300% of the USD gains are kinda fake.
We would need to hit around 100k $ to have a true ath.
Previously I estimated the BTC price to top out at between 200k-280k, but if you take all that into account I could see BTC go to 350k$ (even when they stopped printing fiat today which they aren't).
Let me know what you think! :)
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.