Figured I'd show you nerds the future even though you don't deserve it. Using my PowerbellGM2 equation and plotting out the next 20 weeks mirroring 2017 which is very similar in a lot of ways (You can see the last 20 points are lighter) Here is a very close path to what we are going to do. $550K by last week of September and then the pullback. Could come back to as low as 60K by December 2026 but probably more like 100K.
You're welcome.
This time is different tho bro.
It think your kinda right but not really. Markets are made of humans. Companies buying bitcoin are made up of humans. When price runs to 500k. The dollars they are raising to buy btc only buy 1/5 what they do today. You don't need as many to fulfill supply. The market over heats. People shit their pants. The down may be less % wise than before but it will come.
I cannot see an 80% drop to be honest. I don't see demand stopping enough despite the psychology. Maybe a 30 to 40% drop, but don't see it going below $300k, following it reaching the $500k level. Especially as the higher the price the more immovable it's direction gets, almost like trying to turn a super tanker or stop a 50cal with a vest.
People said kt could ne er drop below 58, 50, 40, 30, 20 after it hit 69k. It did. Can have explosive 5 to 10 x growth without huge pull backs. Id prefer massive logarithmic growth and massive pull back. Vol is telling you that it is alive. That it is monetizing that people do t understand what it is.
When i built PowerbellGM2 I based what I did of monetary findings of economicstudies that came before. There is no model out there (nothing even close) that predicts BTC with the same granularity and statistical significance and these are the principles it is built on. You should read the last 3.
The demand for BTC is currently around 5,000 BTC per day. That's the future supply gone in less than 200 days. The demand must eat backwards into holder's wallets.
A massive supply shock is coming and it's unlikely to ever stop.
