Next Bitcoin All Time High Est. Nov-Dec 2022 #Bitcoin #BTC $BTC
Bitcoin has so far respected the long term logarithmic growth pattern. This pattern is amazing and so far seems to point towards a regular, rhythmic bull/bear phase based on what looks like mining profitability.
Based on the difference between the date of the halvening and the next all time high, it seems like each consecutive all time high gets spaced further apart (roughly 3 times the difference between the previous two halvenings?)
This is speculation at this stage as Bitcoin has never gone through a global recession, but if my estimates are correct the next all time high will be any time between November - December 2022, with the price reaching $220,000 or thereabouts.
Disclaimer: I think personally this only holds true as long as the logarithmic curve doesn't get broken. A black swan event *cough*, can have unexpected positive or negative results on this speculative prediction.
Note to self: It looks like crazy Alt season pumps seem to happen after Bitcoin starts pumping after a halving, when profits flow back into alts. Based on this we should see major alts starting their way up beginning end 2020.
Based on the difference between the date of the halvening and the next all time high, it seems like each consecutive all time high gets spaced further apart (roughly 3 times the difference between the previous two halvenings?)
This is speculation at this stage as Bitcoin has never gone through a global recession, but if my estimates are correct the next all time high will be any time between November - December 2022, with the price reaching $220,000 or thereabouts.
Disclaimer: I think personally this only holds true as long as the logarithmic curve doesn't get broken. A black swan event *cough*, can have unexpected positive or negative results on this speculative prediction.
Note to self: It looks like crazy Alt season pumps seem to happen after Bitcoin starts pumping after a halving, when profits flow back into alts. Based on this we should see major alts starting their way up beginning end 2020.
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