I'm less concerned with whether we've bottomed and more concerned about when the next cycle peak will be and what price will be reached.
By looking at the ratio between previous cycle peaks in terms of time and price and then projecting those ratios forward, I expect the next cycle peak to occur around June 2024 at around $152k.
I'd better get accumulating!!
By looking at the ratio between previous cycle peaks in terms of time and price and then projecting those ratios forward, I expect the next cycle peak to occur around June 2024 at around $152k.
I'd better get accumulating!!