🔥Tip: $BTC Latest Price Prediction..
I thought it was time to make a long-term chart, with all these wrong charts going around, hehe.
I think that the correct fit is a square root function in the logarithmic chart, meaning that the growth is slowing down on long timescales. BTC cannot just continue to grow exponentially. This would lead to insane prices of many millions in 2025.
I am a long-term bitcoin bull, but one has to remain realistic.
The cause of these growth cycles is the halvings, which lead to a supply shock with a subsequent rally—every time.
These are all guesstimates of course, but I think this chart is realistic.
The long-term goal of BTC, in 2025+, is at around 150K USD imo. It won't go much higher afterwards, it can be seen as the final asymptotic price.
CURRENT SITUATION
broke out of the downtrend on the monthly chart.
The bull and bear market after the halving lasted approx 1000 days. If we take the historical data we can see that
entered the next halving with ≈ 50% down from the top. Considering this, the price of Bitcoin could be around $35k going into the next halving.
I hope this chart helps people understand the long-term growth dynamics of BTC :)
This idea only in the probabilistic way