GravityWave

The simple case for a $250,000 bitcoin price before 2023

Long
BNC:BLX   Bitcoin Liquid Index
The bitcoin price cycles seem to follow a pattern of diminishing upside and increasing duration. So far each new cycle price peak has been predicted by the 2.382 fibonacci multiple of the cycle bottom price. Extrapolating this into the future raises the possibility of a blow-off top at ~$250k perhaps around summer of 2022 — admittedly a formidable prediction given its implications for the market capitalization of bitcoin.

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