Very Long-term Price Prediction for BTC
I started looking over the chart history of BTC on HTF to establish whether or not there was a pattern of movement that repeated itself. I segmented the chart by approximately 1 year blocks and noticed that starting from the year 2013, BTC would have a massive run up in 1 year and the a 3 year period following of essentially no growth in price from the prior year’s ATH. Then the cycle starts again… 1 year massive run up followed by essentially no growth in price from the prior year’s ATH. The massive growth years percentage increase also became incrementally smaller than the previous run up. Based on this and some other points marked on the chart, I feel BTC will retest 30K once or twice in the next 2 years preparing for a “massive” (though reduced incrementally) run up for the year 2025.
The price movements drawn are really rough, but essentially, I feel BTC will top off 2025 over US$100K but under US$150K (based on today’s value of USD excluding inflation ).
USD will likely lose more “overall” value over the next few years, so US$150K could look like US$500K when 2025 rolls round, speculatively speaking… But I’m not an economist.
Just my 2 cents.
Constructive criticism welcome 🙂
