Bitcoin long term price predictions.
BITCOIN PRICE PREDICTIONS
CYCLE 1
Inception- 2011 (6 June) the first cycle high $32
CYCLE 2
PEAKS: 2011 (6 June) – 2013 (25 November) $1177
29.5 months
CYCLE 3
PEAKS: 2013 (25 November)- 2017(11 December) $20,000
48.5 months - 64% / 19 months longer than 2011-2013 peak of 29.5months
Below is price and time predictions based on the logarithmic chart as well as an extrapolation of the time difference between the (2011-2013 ) and the (2013-2017) peaks. I used cycle tops and not cycle bottoms for these scenario casts.
NB: This is still speculation so take from it what you want.
SCENARIO 1
PEAKS: 2017(December)- 2024(June) $450,000
79.5months (48.5months+64%)
SCENARIO 2
PEAKS: 2017(December)- 2023 (December) $350,000
72 months (79.5 months but rounded off to nearest calendar year)
SCENARIO 3
PEAKS: 2017 (December)- 2023(June) $280,000
67.5 months (48.5months+19months)
SCENARIO 4
PEAKS: 2017(December)- 2022(December) $230,000
60 months (67.5 months but rounded off to nearest calendar year)
SCENARIO 5
PEAKS: 2017(December)- 2021(December) $150,000
48 months (Standard 4-year cycle)
Comment and let me know which scenario is more probable.
CYCLE 1
Inception- 2011 (6 June) the first cycle high $32
CYCLE 2
PEAKS: 2011 (6 June) – 2013 (25 November) $1177
29.5 months
CYCLE 3
PEAKS: 2013 (25 November)- 2017(11 December) $20,000
48.5 months - 64% / 19 months longer than 2011-2013 peak of 29.5months
Below is price and time predictions based on the logarithmic chart as well as an extrapolation of the time difference between the (2011-2013 ) and the (2013-2017) peaks. I used cycle tops and not cycle bottoms for these scenario casts.
NB: This is still speculation so take from it what you want.
SCENARIO 1
PEAKS: 2017(December)- 2024(June) $450,000
79.5months (48.5months+64%)
SCENARIO 2
PEAKS: 2017(December)- 2023 (December) $350,000
72 months (79.5 months but rounded off to nearest calendar year)
SCENARIO 3
PEAKS: 2017 (December)- 2023(June) $280,000
67.5 months (48.5months+19months)
SCENARIO 4
PEAKS: 2017(December)- 2022(December) $230,000
60 months (67.5 months but rounded off to nearest calendar year)
SCENARIO 5
PEAKS: 2017(December)- 2021(December) $150,000
48 months (Standard 4-year cycle)
Comment and let me know which scenario is more probable.
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