Bitcoin $100,000+ by 2025
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I believe Bitcoin will surpass $100,000 and possibly rise over $300,000 by 2025, implying a trillion or even a multi-trillion dollar market cap.
To get this forecast/prediction, I did a Fibonacci retracement of both the 2014 bear market and the current bear market and simply copied the equivalent levels in today’s prices. Taking into account today’s greater market participation and greater public awareness, I extended this extrapolation by double the length of the 2014 - 2018 market cycle. Obviously, I don’t expect the price action to follow the exact same pattern, but I do expect the price action to follow a similar U-curve pattern of the 2014 - 2018 market cycle over the next 5 - 7 years.
Thus, I believe it is possible the bear market could last about two years with Bitcoin bottoming out sometime in mid-2019 to early 2020. The consolidation period/bottom formation could last over a year to mid-2021. I believe the next bull market will be longer and stronger than the previous bull market, perhaps even peaking in 2024 or 2025 at a price of over $300,000 per Bitcoin; I believe Bitcoin will at least surpass $100,000.
Good luck trading,
Eddy Yang
To get this forecast/prediction, I did a Fibonacci retracement of both the 2014 bear market and the current bear market and simply copied the equivalent levels in today’s prices. Taking into account today’s greater market participation and greater public awareness, I extended this extrapolation by double the length of the 2014 - 2018 market cycle. Obviously, I don’t expect the price action to follow the exact same pattern, but I do expect the price action to follow a similar U-curve pattern of the 2014 - 2018 market cycle over the next 5 - 7 years.
Thus, I believe it is possible the bear market could last about two years with Bitcoin bottoming out sometime in mid-2019 to early 2020. The consolidation period/bottom formation could last over a year to mid-2021. I believe the next bull market will be longer and stronger than the previous bull market, perhaps even peaking in 2024 or 2025 at a price of over $300,000 per Bitcoin; I believe Bitcoin will at least surpass $100,000.
Good luck trading,
Eddy Yang
Nota
Here's the video analysis: youtube.com/watch?v=ZPi_NXXfbas&list=PLUIBpHRigzvP1o-CslSgSus1-Wt0MqKjX&index=7
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