Bitcoin Long Term Forecast
Hello,
The chart here shows entire price movements of BTCUSD.
The first rally took 731 days to complete and returned a 51,588% increase in price.
The second rally took 45% more time to complete, over the course of 1065 days,returned a 12804% price increase. A reduction in percentage price increase of around 4x compared to the first rally.
Projecting the third rally, by extendint out the white channel, we can see price is in the lower portion of the channel. This signifies that the momentum and price strength is actually slowing. By using previous rallies we can predict that the price increase forecast is around 3125% and will take around 1551 days to complete.
I predict $111,000 BTC value by April 2023.
Regards,
Stefan
The chart here shows entire price movements of BTCUSD.
The first rally took 731 days to complete and returned a 51,588% increase in price.
The second rally took 45% more time to complete, over the course of 1065 days,returned a 12804% price increase. A reduction in percentage price increase of around 4x compared to the first rally.
Projecting the third rally, by extendint out the white channel, we can see price is in the lower portion of the channel. This signifies that the momentum and price strength is actually slowing. By using previous rallies we can predict that the price increase forecast is around 3125% and will take around 1551 days to complete.
I predict $111,000 BTC value by April 2023.
Regards,
Stefan
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