The year-long road to $100000 Bitcoin has begun
Dec 2012 - $13 (First halving year)
Dec 2013 - $1000 (Four-figure breach)
Dec 2016 - $800 (Second halving year)
Dec 2017 - $20000 (Five-figure breach)
Dec 2020 - $19000? (Third halving year)
Dec 2021 - Six-figure breach
In late-2016, early 2017, we retraced 61.8% (fib) before building back up throughout 2017 to $10000 for the first time and beyond. You can expect a similar retrace this time as a secondary bear trend grips the market over the next month or two. Scarcity is a factor of time. In Bitcoin's case, it takes c. 18 months for the new reality of 50% of the natural sell side evaporating to fully impact the market. Of course, there are other factors but they all play into this framework, like clockwork. Tick tock!
Dec 2013 - $1000 (Four-figure breach)
Dec 2016 - $800 (Second halving year)
Dec 2017 - $20000 (Five-figure breach)
Dec 2020 - $19000? (Third halving year)
Dec 2021 - Six-figure breach
In late-2016, early 2017, we retraced 61.8% (fib) before building back up throughout 2017 to $10000 for the first time and beyond. You can expect a similar retrace this time as a secondary bear trend grips the market over the next month or two. Scarcity is a factor of time. In Bitcoin's case, it takes c. 18 months for the new reality of 50% of the natural sell side evaporating to fully impact the market. Of course, there are other factors but they all play into this framework, like clockwork. Tick tock!
Trade active
The price was $18000 when this was sharedWe're more than halfway to the target and holding strong
Expect the peak for this cycle to be around $160000
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