- On average bitcoin takes 280 days to reach its bull cycle top once it breaks the previous ATH.
- If we assume a diminishing rate of return of 60% each cycle (this is very conservative)
- And we assume that it will once again take 280 days to reach the peak of the bull cycle after breaking the previous ATH.
- We can put BTCUSD at around 115k around the middle of September.
- We broke the previous ATH 143 days ago. This means, assuming all else to be true, we are halfway from reaching the bull cycle top.
- In those 143 days so far we have put in gains of around 180%, if we continue that same trajectory over the next 140 days we could be looking at a 152k BTC in mid to late September.
- I'm going to split the difference and put my rough BTC prediction to be 130k USD for mid September.