Total Market Cap and BTC Trend
Updated
As a beginner (started in may 21) to get a better feeling for the numbers I did a short analysis of size and relations between: market cap - bitcoin dominance - btc price
I conclude that given the market cap linear rising on the log scale that a lower bound of the BTC price should be 28k (if there are no cascading effects due to leverage)
continously rising over time to 250k with a lower bound of 100k in '23
As I write this already 28.8k has been touched with a higher market cap, this difference could be accounted for by bitcoin dominance being different at this market cap lvl (lower 0.4x instead of 0.55)
I conclude that given the market cap linear rising on the log scale that a lower bound of the BTC price should be 28k (if there are no cascading effects due to leverage)
continously rising over time to 250k with a lower bound of 100k in '23
As I write this already 28.8k has been touched with a higher market cap, this difference could be accounted for by bitcoin dominance being different at this market cap lvl (lower 0.4x instead of 0.55)
Note
(0.47*1133000)/18.74 = 28415
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