I updated the last graph with a correction of the time scale. I made an error, my apologies.
The price of BTC is following a logarithmic trend, that's absolutely not new. If you look to the graph and you zoom in you can identify clearly 3 phases. If you take a good look at the patterns within the phases you notice that on a weekly basis we are following exactly the same price patterns within each phase. Its remarkable! The only difference is the time at takes to conduct the "mini" patterns within each phase. If I linear extrapolate the pattern of the first cycle you will see that the current price line (between 25-45k$) will remain for quite some time and than we will see a price increase again up to 350k$ end of 2024. Again all under the assumption that the time-scale can be linear extrapolated (I expect this is correct).
The OBV is a good indicator on the weekly scale to see if we are at the end of the cycle. Clearly we are not at the end of the long cycle.
What will happen in the next 3.5 years:
Now to end of 2022: fluctuation around current price 20-45k$.
Start 2022 until Oct 2023 linear price increase towards 130k$.
Oct 2023: super bullish run until Dec 2024: 350k$.
The price of BTC is following a logarithmic trend, that's absolutely not new. If you look to the graph and you zoom in you can identify clearly 3 phases. If you take a good look at the patterns within the phases you notice that on a weekly basis we are following exactly the same price patterns within each phase. Its remarkable! The only difference is the time at takes to conduct the "mini" patterns within each phase. If I linear extrapolate the pattern of the first cycle you will see that the current price line (between 25-45k$) will remain for quite some time and than we will see a price increase again up to 350k$ end of 2024. Again all under the assumption that the time-scale can be linear extrapolated (I expect this is correct).
The OBV is a good indicator on the weekly scale to see if we are at the end of the cycle. Clearly we are not at the end of the long cycle.
What will happen in the next 3.5 years:
Now to end of 2022: fluctuation around current price 20-45k$.
Start 2022 until Oct 2023 linear price increase towards 130k$.
Oct 2023: super bullish run until Dec 2024: 350k$.