Sometimes you come across a chart that triggers me immediately, its a logarithmic chart. Bitcoin will be in a few years about $500k or something like that.
But the rise of Bitcoin is in a different stage. Percentages of 11,000% up in a bull run were normal, but this is a thing of the past. The market cap has risen sharply and this leads to lower rises in the future. There is also only a limited demand for Bitcoin. So you should not be distracted by such logarithmic charts and think that Bitcoin is trading around $300k.
Due to these circumstances, I believe Bitcoin is bottoming around 15k and will not trade above 100k until around 2025. The coming weeks/months will determine the future of Bitcoin in the coming years; are we bouncing hard here or falling through the 30k.
But the rise of Bitcoin is in a different stage. Percentages of 11,000% up in a bull run were normal, but this is a thing of the past. The market cap has risen sharply and this leads to lower rises in the future. There is also only a limited demand for Bitcoin. So you should not be distracted by such logarithmic charts and think that Bitcoin is trading around $300k.
Due to these circumstances, I believe Bitcoin is bottoming around 15k and will not trade above 100k until around 2025. The coming weeks/months will determine the future of Bitcoin in the coming years; are we bouncing hard here or falling through the 30k.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.