Global Feed Post Login
Replying to Avatar TheBitcoinBattery

Bitcoin's bottom rises at a consistent rate of 0.203% a day on average or 109.6% a year (1.00203^365 = 2.096). Barring massive global macro events lowering the bottom, such as happened in 2020 with the COVID crash and China banning mining in 2021, the price consistently rises at that rate over the long term as new people join the revolution either by mining or by stacking.

Don't worry about the day to day, it'll pump and deviate from the bottom trend line and then it'll drop back towards the overall trend every time (assuming no global macro events occurred).

We are right on the trend line, the bull run starts in about a month or so before peaking around October around $1M more or less. Then it'll dump back towards it's trend line and hit it around a year later at about $300k more or less.

We're right on track. Covid and China took the previous bull run from us, but nothing has fundamentally changed.

Avatar
bitcoinlimit 10mo ago

Love this!

Reply to this note

Please Login to reply.

Discussion

No replies yet.