Wanna see people's predictions for Bitcoin's next peak, presumably around a year from now or sometime in 2022 - whenever this market cycle comes to a close. And give your reasoning behind your prediction, and not just "cuz I think so".
My likely prediction is $90k to $120k. I think $100k is the big target for this market cycle, and either it'll fail to break through and top out in the $90,000s or it'll break $100k and then in a rush of euphoria over the next few days/weeks it could shoot up to $120k or so in a blow off top.
Now I also have a high prediction based off the last two peaks. The 2013 peak was about 36x above the 2011 peak, and the 2017 peak was just under half that at over 17x compared to the 2013 peak. If we keep this peak multiplier halving going for this cycle then the next peak should be around 8.5x the previous peak, or around $170k, so that is my super high prediction based on past two cycles relative to one another.
There is a major difference when you compare the peak valuation of
BTCitcoin and that too during the initial stages you can expect the market would rise substantially higher and you cannot expect the same level of growth the price has reached around a certain valuation and we are around 10 years in the market and the price has matured and you cannot expect the same level of peak during this cycle.
My expected price valuation during the big rally should be around $30k to $45k considering how the market is performing right now where it is touching its all time high valuation and trying to break the resistance and we could see the all time high valuation by next year.