OK you are a n00b here. No problem
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
You are right that things are different but that's what was said the last two cycles.
I firmly believe the cycles are driven by the fixed algorithm and how humans react to it.
As everyone my guess is as good as anyone's. Just sharing my experience
Yes november would be the peak. But I'm looking at July and August to be on max alert.
How high it will be, nobody knows but when your grandma asks what a bitcoin is and everyone is talking about it you need an exit strategy STAT!