I have been closely monitoring the price of bitcoin daily since the beginning of last year, I located a time period for the peak. The period is wide (see the blue lines) but the most interesting thing is the blow of top that can reach 300k+ in this cycle.
Most likely, the peak is closer to April 2022 before the crash occurs to levels of around 60k a year later.
From a helicopter perspective, the supply is very mechanical which creates a clear wave motion in the price between the cycles (see log scale). Based on this, the peaks become clear relative to a wider timeframe.
The purpose of this post is not to create delusional hope but is based on previous spikes in the peaks as well as new support lines that have been forming last couple of months.
For newcomers to the space, Bitcoins price wont go in straight lines as I've not included small corrections on the way up. It will be a bumpy ride, Hodl on!
Most likely, the peak is closer to April 2022 before the crash occurs to levels of around 60k a year later.
From a helicopter perspective, the supply is very mechanical which creates a clear wave motion in the price between the cycles (see log scale). Based on this, the peaks become clear relative to a wider timeframe.
The purpose of this post is not to create delusional hope but is based on previous spikes in the peaks as well as new support lines that have been forming last couple of months.
For newcomers to the space, Bitcoins price wont go in straight lines as I've not included small corrections on the way up. It will be a bumpy ride, Hodl on!