Phoenix2012

#Bitcoin price growing estimation

Long
BNC:BLX   Bitcoin Liquid Index
According to the price growth (big pump) of Bitcoin which happens every 4 years, the power of this pump will change every 4 years as well, but with a different value.

As you see, the pump power was %5438.60 in 2013 and was %1283.55 in 2017 which means the pump power decreased by 0.23, so I hope this value is around %295 for 2021.

As result, the 116K price for #Bitcoin at end of 2021 will be logical.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.