225K has been my personal price prediction since mid 2019. This was loosely based off of the Stock to Flow Ratio and the historical halvings. I think we will see an average of 100K by 2024, but to get there we will first spike past 100K and land on my predicted value of 225K. In the past, targets on the STFR have roughly exceeded expectations by 100% and 50%. Base on diminishing returns, the next peak will surpass the STFR only by 25% of the bull run cycle growth. Which will be 225K.
Currently, our trend inclination is roughly 56% which matches that of the 2017 bull run. If this were to repeat, we would see 225K by July 2021. However, our BTC peaks tend to run on a 4 year cycle and would suggest the next peak at Jan 1 2022.
As a side note, I think there is a chance that we will see a smaller scale "double step up" similar to the run in 2013-2014. In this scenario I would look for 70K by the "1 year after halving mark", with the final run to 225K in the last quarter of 2021.
Not advice, good luck, and buy bitcoin (more) while you still have the time!
On the very short term I expect something explosive that reminds people of the power of bitcoin.
Currently, our trend inclination is roughly 56% which matches that of the 2017 bull run. If this were to repeat, we would see 225K by July 2021. However, our BTC peaks tend to run on a 4 year cycle and would suggest the next peak at Jan 1 2022.
As a side note, I think there is a chance that we will see a smaller scale "double step up" similar to the run in 2013-2014. In this scenario I would look for 70K by the "1 year after halving mark", with the final run to 225K in the last quarter of 2021.
Not advice, good luck, and buy bitcoin (more) while you still have the time!
On the very short term I expect something explosive that reminds people of the power of bitcoin.