JohnnyKnowItAll

JohnnyKnowItAll

Bitcoin always corrects and forms new highs after halvings.

JohnnyKnowItAll

Bitcoin works in cycles and we will see new a new ATH.

JohnnyKnowItAll

Bitcoin has a bright future. We will see a new ATH in the future... it might just take longer than expected.

JohnnyKnowItAll

We can expect Bitcoin to reach $80K if the ETF is approved. Gold had a bubble and crash at around 1980, which looks similar to Bitcoin's 2017/2018 crash. However, after gold's crash of 1980, the price had an increase of 300% from the ATH in 1980. Applying this logic to Bitcoin, we can expect an increase to about $80K if we take its current ATH of just under $20K...

JohnnyKnowItAll

Looks like we might see another leg down to the 5k level.

JohnnyKnowItAll

This forecast is for the next 10 or so years.

JohnnyKnowItAll

If Bitcoin's support levels can hold then we will see a new ATH in the future. These support levels are based on percentages which held during the 2014 correction.

JohnnyKnowItAll

If Bitcoin can hold the support levels based on percentage which held during the 2014 correction - we might see a new ATH in 2020/2021.

JohnnyKnowItAll Updated 

Bitcoin is like any other market - it needs to correct to ensure healthy growth in the future. This Bitcoin forecast is based on previous corrections and market trends. The 2017/2018 Bitcoin bubble is very similar to that of 2013/2014. I expect the next Bitcoin bubble to occur around 2021/2022. The next bubble top should be around $60-$80k - keep in mind...