shubbs

A prediction on how the Bitcoin bull market could develop

Long
BNC:BLX   BraveNewCoin Liquid Index for Bitcoin
I've been looking at the BLX (Brave New Liquid Coin Index for Bitcoin ) monthly chart. I've noticed Aug 2015 to Jan 2016 candles look similar to what's happened from March to August of this year. There was a LTC pre-halvening runup followed by a consoldation.

The last three months the lows and highs for the month look like Nov 2015 to Jan 2016 only the lows are about 26 times higher and the highs are about 27.3 higher. What if this fold multiplier continued roughly for the foreseeable future? What prices could we expect for Bitcoin and about when could it top?

Date $BLX Low $BLX High
Mar-19 3,692 4,143
Apr-19 4,069 5,625
May-19 5,329 9,074
Jun-19 7,455 13,831
Jul-19 9,095 13,179
Aug-19 9,491 12,311
Sep-19 9,516 12,476
Oct-19 10,218 12,149
Nov-19 10,712 12,831
Dec-19 11,336 15,561
Jan-20 13,676 21,403
Feb-20 15,860 19,383
Mar-20 12,558 17,117
Apr-20 14,768 17,199
May-20 15,782 19,902
Jun-20 17,420 21,512
Jul-20 19,344 26,891
Aug-20 19,526 32,214
Sep-20 24,284 33,088
Oct-20 23,140 36,009
Nov-20 27,716 37,401
Dec-20 35,438 74,939
Jan-21 55,224 81,463
Feb-21 47,164 79,907
Mar-21 68,822 129,975
Apr-21 77,402 135,708
May-21 107,770 176,522
Jun-21 142,896 310,729
Jul-21 244,868 539,557

Notes:
1. BTC wouldn't even make it over its $13868 June 26th high until December 2019.
2. It wouldn't reach a new all time high until Jan 2020, but it would stay under $20000 until June 2020.
3. $100,000 wouldn't be reached until March 2021.
4. A new all time high peak for this bull market would be reached in July 2021 from $244,000 to $540,000.
5. We don't know yet if these two bull will be fractally similar, but a longer timeframe consistent with the 4 year cycle that Bob Loukas has expounded the last few months would be consistent with BTC's long term trend.
6. I would actually prefer a bull market to develop something like this because it will give more time to accumulate BTC at lower prices below the current ATH .

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