BTCUSD - The Master Chart (Incl. MC analysis)
4th market cycle potential maximum ATH prediction: $101,931 (MC: $1,752,636,750,000).
Why use market cap data to help predict future price?
Small market cap = a little volume can move price
Big market cap = needs a big volume to move price
Increase by Market Cap
Bull 1: x801.7
Bull 2: x754.3 was 6% less than Bull 1's x801.7
Bull 3: x118.6 was 74.3% less than Bull 2's x743.3
Bull 4: 'xs' will presumably be >74.3% less than Bull 3's x118.6 so...
100-74.3 = 25.7%
.257*118.6 = x30.5
...giving a maximum potential x30.5, which would give bitcoin ...
Price: $3,342*30.5 = $101,931
Market Cap: $57,463,500,000*30.5 = $1,752,636,750,000
Why use market cap data to help predict future price?
Small market cap = a little volume can move price
Big market cap = needs a big volume to move price
Increase by Market Cap
Bull 1: x801.7
Bull 2: x754.3 was 6% less than Bull 1's x801.7
Bull 3: x118.6 was 74.3% less than Bull 2's x743.3
Bull 4: 'xs' will presumably be >74.3% less than Bull 3's x118.6 so...
100-74.3 = 25.7%
.257*118.6 = x30.5
...giving a maximum potential x30.5, which would give bitcoin ...
Price: $3,342*30.5 = $101,931
Market Cap: $57,463,500,000*30.5 = $1,752,636,750,000
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.
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.