Bitcoin parabolic curves, and future projection (If needs met)
Above is a chart of bitcoin from mid 2010 to present.
A parabolic curve was drawn with a formula that tightly follows the bottoms of the crashes and lowest prices in bitcoin's history.
That curve was then cloned above multiple times to create a parabolic set of scales to show how far above a fully crashed price you are at (at least according to current data, this may change)
This also assumes that bitcoin scales to meet the needs of ALL of the transactions that the growing userbase needs/wants. If it cannot meet the needs of the users, this curve will likely fail and a new curve begins depicting the reality of a coin held by many but only usable for most/some/few.
Horizontal lines were drawn for New years day for each year after this one until 2028.
A parabolic curve was drawn with a formula that tightly follows the bottoms of the crashes and lowest prices in bitcoin's history.
That curve was then cloned above multiple times to create a parabolic set of scales to show how far above a fully crashed price you are at (at least according to current data, this may change)
This also assumes that bitcoin scales to meet the needs of ALL of the transactions that the growing userbase needs/wants. If it cannot meet the needs of the users, this curve will likely fail and a new curve begins depicting the reality of a coin held by many but only usable for most/some/few.
Horizontal lines were drawn for New years day for each year after this one until 2028.
Comment:
Seems to be going swimmingly well despite that coronavirus liquidity crisis (which took all markets down with it). We seem to be following the first level of action anticipating the big move. Target 175k-500k.
