In one of my previous ideas I said that bitcoin would bottom out in the low 20's:
Given what the economy is looking like these days I think it's extremely likely that bitcoin goes to the low teens, and maybe even below 10,000 USD.
I put on some bars patterns from past cycles to visualize it, and I have pointed out when the past halvings occured in relation to the price action. I also copied the bars pattern from Nasdaq during the dot-com bubble to visualize what that would look like. The bottom would be around the next halving. Based on past history and different price models, I think it's realistic that bitcoin goes to 250,000 USD (and maybe 1,000,000 USD in an extreme blow-off scenario) in 2025. This also means that in almost two years the price will still only hover around 30,000. We basically have 18-24 months to scrape together as much bitcoin as possible, before the next bull run.
Bitcoin is doing pretty much exactly what it has done in the past, and unless it blasts through the lower blue channel, I wouldn't worry.
Given what the economy is looking like these days I think it's extremely likely that bitcoin goes to the low teens, and maybe even below 10,000 USD.
I put on some bars patterns from past cycles to visualize it, and I have pointed out when the past halvings occured in relation to the price action. I also copied the bars pattern from Nasdaq during the dot-com bubble to visualize what that would look like. The bottom would be around the next halving. Based on past history and different price models, I think it's realistic that bitcoin goes to 250,000 USD (and maybe 1,000,000 USD in an extreme blow-off scenario) in 2025. This also means that in almost two years the price will still only hover around 30,000. We basically have 18-24 months to scrape together as much bitcoin as possible, before the next bull run.
Bitcoin is doing pretty much exactly what it has done in the past, and unless it blasts through the lower blue channel, I wouldn't worry.