jagottsicher

BTCUSD: Dec 2021, Dec 2025 wishes of a naive mind or inevitable?

Long
BITSTAMP:BTCUSD   Bitcoin
This is an update/upgrade of an idea from 2019 and 2020.

Conceptionally it stayed the same but Hash Ribbon indicator , which serves pretty reliable buy/sell signals, has been added and extended a possible ATH in December 2025. A rough estimation of the halving event is now included, too.

Please be aware of the logarithmical scale. Due to the fact that it is quite a harsh job to extend curves on a trading view chart, I am pretty sure that there's a systemic problem on this chart with the estimated support line after approx. 2020. It should converge towards the resistance curve because, in the long run, the volatility should decrease.

Many traders are speculating about a new ATH this year, but if you think some further you can guess another peak at the end of 2025 or the beginning of 2026. At that time it could go as high as 860,000 USD. Basically, this outlook makes me think if I will change to USD or EUR at all again. A peek at the great leaps forward in developing of the Lighting Network and as a consequence, thereof the adoption of Bitcoin as a fast and low-to-no fee direct payment medium for everyday life led me to the idea that at a value of that in fiat a change back should be obsolete. Transformation of value from fiat to crypto (means mainly Bitcoin) will go on and fiat money will not going completely extinct, but I see increasing evolutionary pressure on our global monetary systems ...

Why should one switch back?

finance.yahoo.com/ne...ators-120111076.html
www.bitcoinblockhalf.com/
lightning.network/
en.wikipedia.org/wiki/Lightning_Network

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.