Post
Topic
Board Speculation
Re: Bitcoin 2021 top and end of year predictions
by
Bergkampsballs
on 06/03/2021, 11:08:02 UTC

OK you are a n00b here. No problem Smiley

Facts:
Bitcoin has a 4 year cycle
ATH is about 6months after halving
Low point is a year after ATH

This year there will be an ATH.
Stable until probably 90-110k
Unstable upward to 190k or more crazy

After that it will crash down in the oncoming 300 days
It will then go to $45k or so. Typically ATH/6.

So your estimates for 2022-2024 are going to be way off.
The next halving is in May 2024 so the next ATH (around $1M) will be around may 2025
2022-2025 are going to be pain and suffering for new investers...

Sorry if I'm misunderstanding but Bitcoins halving was in May 2020 so 6 months after would have meant it would peak in November?

I was factoring in that there's a lot of big companies getting involved so I don't think we'll see the same kind of bear market that we had in 2018. I'm guessing that there will be a less significant bear market followed by another peak in 2022 this time around.

You may well be right though and I appreciate you giving your estimates. I guess we're all going to have different ideas about how this will play out so that's why I'm trying to get estimates from people like yourself who probably have a better idea than I do Smiley