BTC Parabolic Run Coming Up! - $18k by Sep 2020 - $100k by 2021
In this chart we'll look at the log chart of BTCUSD.
Due to the deflationary nature of Bitcoin and it's halving every 4 years, we experience a parabolic run.
The exponential growth peaks about 12-18 months after the halving and pushed BTC price to the ceiling of the top channel.
Right now we seem to be getting towards the end of correction and it's expected that BTC will slowly rise back to $10,000 USD by April 2020.
Around September 2020, we'll likely see the All-Time-High of $19,800 again.
Finally, 2021 could be the time we've all been waiting for, we could see BTC price reach 6 digits ($100,000 and beyond) in this year. This is only 1.5 yrs from now!!
Due to the deflationary nature of Bitcoin and it's halving every 4 years, we experience a parabolic run.
The exponential growth peaks about 12-18 months after the halving and pushed BTC price to the ceiling of the top channel.
Right now we seem to be getting towards the end of correction and it's expected that BTC will slowly rise back to $10,000 USD by April 2020.
Around September 2020, we'll likely see the All-Time-High of $19,800 again.
Finally, 2021 could be the time we've all been waiting for, we could see BTC price reach 6 digits ($100,000 and beyond) in this year. This is only 1.5 yrs from now!!
Comment:
P.S: The blue bar pattern is to help us understand the trend and qualitative behavior of Bitcoin after halving event and we don't expect the actual numbers to be exact on the dot.