This chart was created by calculating the average number of months it takes the bitcoin price to reach and stabilize above each power of 10 (1,10,100,1000, etc.). Using this average we can hypothetically predict an ESTIMATED price for any given date between the last power of 10 that was achieved (10,000) and the next power of 10 (100,000) which should be reached sometime in or around the month of July in the year 2021. In keeping with our calculated average, the cone was created by applying +/- one week to the next target price and date which falls on 21 July at a price of $13,600 per bitcoin. At any given time, if the price moves below the bottom edge of the cone, this signals a strong "BUY" period and the price will soon stabilize back inside the region covered by the cone. The opposite is true if the price moves beyond the top edge of the cone, this signals a strong "SELL" period as the price will soon correct to within the region covered by the cone.
DISCLAIMER: This chart was created 100% for speculation and does not serve as trading advice.
DISCLAIMER: This chart was created 100% for speculation and does not serve as trading advice.