Love the hopium, but where did you get the 1.002046 from?
Discussion
It's the number I personally came to when analysing the overall growth of daily bottoms seen over the last 12 years. After playing with the numbers for a few days I came to the following:
Starting the chart with a potential bottom of $50 July 1st, 2013 and growing the line exponentially with a daily growth rate of 1.002046 compounding. Adjusting the line approximately 10% down with the COVID flash crash in 2020, and 72.6% down with China banning mining in 2021. With that info I get the following charts, with the price staying above the adjusted bottom trend line 97.3% of the days since July 1st 2013.
The recent bottom this month was 1.007 times the calculated bottom trend line.
If this is the actual trend line that holds long term, then we're on track to hit a minimum price of $1m per coin in 2028, and $10m in 2031.
The important revelation to me, is that whole the position of the slope on the Y axis has shifted twice due to macro events, the actual angle of the slope of exponential growth has never changed.


Additionally, the price has been above the calculated bottom trend line 98.8% of the days since 10/27/2015.