$400-820K by Fall 2025In Bitcoin's short history, we've learned a couple of things that may remain consistent throughout Bitcoin's future (at least until the volatility decreases).
1: After each bull run, there's approximately an 85% correction
2: During the first two 4 year cycles, the angle for the top of the bull market (peak price) has decreased from 56 degrees to 39 degrees, which is a 70% decrease in peak price.
3: The 200 week moving average (shown in purple) has provided some major support throughout the bull and bear markets.
4: The 20 week moving average (shown in pink) has provided some major resistance throughout the bear market and support throughout the bull market.
With a decreasing angular projection of future price at 27 degrees from the current low of $3150, we can forecast the range for the next bull market do land somewhere between $75K and $370K which will occur in the latter part of 2021 or early 2022. Why such a wide spread even though we know the angular projection goes down by 70% in each cycle? Simple. We have yet to see crypto become mainstream, everyday usage technology, like the smartphone and internet. When it does - and it will in the near future, we have to account for the hype and rapid adoption at some point, and I believe it is going to come in the next two cycles.
Decreasing the angular peak projections by another 70% to 19% for the bull run starting in 2023, we can project the next peak to occur around the latter part of 2025 and range between $400k and $820K. At this point, the volatility will be very low and the price will continue to rise to around $1M over the next 4 year cycle.
Hoping for the $370K and the $820K. (;-)
CryptoJammer
