Hello traders and investors,
This chart is an approximation of the timeframe and price of the next cycle top for Bitcoin. This chart uses the bitcoin logarithmic growth chart and date span to create an approximation of when we might hit the peak for this cycle.
I used the logarithmic chart to measure the approximate growth rate of bitcoin, then I measured from the 2013 peak (which hit the top of the logarithmic band) to the 2017 peak which was approximately 1430 days (I had a tough time to get an exact measurement with the data points available). I then copied that and transposed it so the beginning would be the peak of the 2017 bull run and the projected timeframe would be around November 2021. I then crossed the intersection of the date and the upper band of the logarithmic chart which gives us approximately 146k USD. I couldn't quite get the horizontal line to hit the logarithmic band so that target would be slightly less. I also would give a tolerance of +/- 60 days from Nov 2021 so we want to keep an eye out for when BTC hits the upper band.
Let's see how everything plays out!
This chart is an approximation of the timeframe and price of the next cycle top for Bitcoin. This chart uses the bitcoin logarithmic growth chart and date span to create an approximation of when we might hit the peak for this cycle.
I used the logarithmic chart to measure the approximate growth rate of bitcoin, then I measured from the 2013 peak (which hit the top of the logarithmic band) to the 2017 peak which was approximately 1430 days (I had a tough time to get an exact measurement with the data points available). I then copied that and transposed it so the beginning would be the peak of the 2017 bull run and the projected timeframe would be around November 2021. I then crossed the intersection of the date and the upper band of the logarithmic chart which gives us approximately 146k USD. I couldn't quite get the horizontal line to hit the logarithmic band so that target would be slightly less. I also would give a tolerance of +/- 60 days from Nov 2021 so we want to keep an eye out for when BTC hits the upper band.
Let's see how everything plays out!
