ATH forecast for 2024 Halving bull cycle
Updated
Assuming we are entering in price discovery mode and jumping back to previous bullrun.
-trend based fib extension applied to 2015 bottom - 2017 top - 2018 bottom
2.618 fib 54k
ATH was 69k
3.618 fib 73k
Actual forecast
-trend based fib extension applied to 2018 bottom - 2021 top - 2022 bottom
2.618 fib 185k
3.618 fib 250k
ATH should be something between 185k and 250K
Let's say 200k, this meaning a capitalization of 3.95Trilion, second biggest asset by marketcap ever (1st is gold 😅 at 14.5)
companiesmarketcap.com/assets-by-market-cap/
Values are really high but we are facing:
Few BTC availables on exchanges
Huge demand from recently approved ETF
Halving will cut in half miners reward (and consequently their part of the selling pressure)
-trend based fib extension applied to 2015 bottom - 2017 top - 2018 bottom
2.618 fib 54k
ATH was 69k
3.618 fib 73k
Actual forecast
-trend based fib extension applied to 2018 bottom - 2021 top - 2022 bottom
2.618 fib 185k
3.618 fib 250k
ATH should be something between 185k and 250K
Let's say 200k, this meaning a capitalization of 3.95Trilion, second biggest asset by marketcap ever (1st is gold 😅 at 14.5)
companiesmarketcap.com/assets-by-market-cap/
Values are really high but we are facing:
Few BTC availables on exchanges
Huge demand from recently approved ETF
Halving will cut in half miners reward (and consequently their part of the selling pressure)
Note
Supply shocktwitter.com/ki_young_ju/status/1767441447702413547
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