TL;DR —
At the rate of a 0.9 drop in log returns each cycle, log returns could = 2.3 at least by the end of this cycle which is about a 10x gain from the start of this year and an implied Bitcoin price of about $300k by the end of 2024. If this cycle continues to run before seasonality, it could possibly reach bottoms shortly before the end of 2022.
[story continues]
Written by
@jasonyip184
Cryptonaire wannabe by night, thousandnaire trader at J.P. by day
Topics and
tags
tags
Bitcoin|bitcoin-halving|bitcoin-trading|bitcoin-price|bitcoin-spotlight|bitcoin-maximalism|bitcoin-bull-market|bitcoin-vs-fiat
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