Today I find an interesting graph about bitcoin price trend, this chart predicts the possible price of BTC in the upcoming fourth bull run
From the first bull run to the upcoming fourth bull run, bull runs usually become more prolonged, and a bit less intense over time.
In the fourth bull run, the highest price of BTC will up to $160k in September 2023 rather than 2021 commonly assumed, and in October 2019 BTC will crash down $3000, from October 2019 to January 2020 is the lower price period of BTC, and it will be the best time to invest.
What this chart presents matches up with an article I read earlier, the gist of that article is that the lower point of BTC price may appear after September 2019, rather Jan 2019
I dont know what algorithm does this chart uses, maybe itself no algorithm.
what you do think about the viewpoint of this chart, please leave your comment or viewpoint.
image url：
https://ibb.co/TK5my5TThe halving is going to have a significant impact on bitcoin price, that is something that is going to be right from this prediction.
However, the fact that this prediction involves any sort of specific numbers would deter me from believing in it. The fact is that it is next to impossible to predict how much FOMO will be present in the market, and how much further up we can go when market capitalisation was already in the hundreds of billions at the peak of the last bull market.
I certainly don't think it's impossible to have something in the six digits for the next upcoming bull market, but the arbitrary way he approaches this analysis isn't something that I would be trusting.
Furthermore, he essentially assumes that late August 2023 will be the time when the height of the bull market appears. Again, completely arbitrary date for when this will happen. But more importantly, wouldn't that mean that in 2024/25 markets will be bearish despite the halving if we follow his model? Contradicts his own prediction.