The price should fall between $180,000 and $380,000 in December 31, 2024.
A table with full data is given below:
Date Trend-Line Prediction Technical Indicator Prediction
September 30 2019 $8000-$8600
December 31 2019 $10,600 $8780
December 31 2020 $21,000 $20,200
December 31 2024 $180,000-$380,000
I ask from expert about this table what do you think.
I don't expect this extrapolation to hold up over time. We've already had 3 distinct bubble cycles. After another cycle or two (at most) the pattern will become too obvious and the market will front run it. That's when, in terms of the
technology S-curve, the market would "jump the chasm" between early adopter and early majority.
This exponential increase in adoption ("mass" adoption) could cause a price increase magnitudes beyond the previous cycles.