HenryLaw

$110,000-150,000 by end of 2022 - Long term logarithmic view

Long
BNC:BLX   BraveNewCoin Liquid Index for Bitcoin
Bitcoin has recovered faster than I had guessed in the beginning of 2019, I made a post predicting $200-450k by 2023 back then.

My hunch is now $110,000 - 150,000 by end of 2022, a sooner peak also implies a lower ATH price in the upcoming speculative bubble.

Judging from the vicinity of 20 week moving average now, a full recovery to $20,000 should happen by late 2021, followed by an explosive bubble again.

The angles of past speculative bubbles have been decreasing 11 degrees each time, so I assume the next one to be about 44 degrees.

Draw that triangle from 20k at late 2021, then extend the line to where it meets the top red curve connecting the past three peaks gives us about $130,000 per bitcoin by Q3 2022. (and 500k by 2028, and 1.5m by mid 2030s, but this is far too difficult to predict and too distant to matter)

Don't sell and HODL, and store your btc properly in a hardware wallet. Exiting time ahead.

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