Assuming each Bitcoin cycle starts and ends at the respective halving dates, we can extrapolate data from the previous 2 Epochs and estimate the peak for this current cycle.
Averaging the time/price data of the previous 2 cycles we can reasonably forecast a price of $400,000 to $500,000 sometime next year.
A price of $100,000 by the end of 2021 is easily achievable at this rate.
No wonder so many institutions are jumping into BTC!!!
Averaging the time/price data of the previous 2 cycles we can reasonably forecast a price of $400,000 to $500,000 sometime next year.
A price of $100,000 by the end of 2021 is easily achievable at this rate.
No wonder so many institutions are jumping into BTC!!!