BTC - Long View - UPDATE 3
Updated
Since the 4 year cycle theory worked out so well to predict the bottom, I thought I'd make a chart showing what it would look like going forward if the price action of 2019 repeats in 2023.
What it would look like is this:
- BTC goes to 30-40k in first half of 2023, then
- drops back down to 17-20k in second half of 2023
Going forward even further than that, I think that we see:
- The beginning of a new and sustained bull market beginning in 2024.
- BTC reaches new highs (above 69k) in early '25
- BTC tops out at 130-150k in Oct-Nov of '25
What it would look like is this:
- BTC goes to 30-40k in first half of 2023, then
- drops back down to 17-20k in second half of 2023
Going forward even further than that, I think that we see:
- The beginning of a new and sustained bull market beginning in 2024.
- BTC reaches new highs (above 69k) in early '25
- BTC tops out at 130-150k in Oct-Nov of '25
Note
Even though this year was not as volatile as 2019, it looks like we're completely on schedule.Note
Everyone pretends they're too smart for the basic 4 year cycle theory, but it's been dead on.Note
Still on point.
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