By this pattern we'd be looking at about 2.6-3x
Discussion
Which i think is just about right. We're half way to a 3x which takes us to about 200k, I've been predicting this for months! Could be slightly more, or slightly less. I hope I'm wrong and we rocket to 500 but I just don't see it🤷🏻♂️.
Remember that the 2020 cycle was truncated by FTX's embezzlement and the China ban. So we didn't have a blow off top. When trying to predict this cycles price appreciation using this method we have to take this into account.
I did. I assume it should have hit about 80-85k based on FTX selling paper bitcoin to the tune of a quarter's worth of subsidy