Well, I have a secret. Wanna hear? Shhhhh.....
Ready?
Stock to Flow is the most reliable indicator of Bitcoin's long term price.
It's rock solid like a law of the universe. You can so reliably predict the general shape of bitcoin's price trend with it that it's almost eerie.
And I'm going to use it here to show you the future.
In this chart the cycle starts hot at orange and goes through the rainbow.
I'm showing you the results of the most recent rainbow cycle and some projections for the one we are entering now.
In every cycle Bitcoin hits the "top price" line. This cycle's top price line is $275,000.
The only question is when.
I have two answers.
First answer:
If we keep on the bullish trend, we may have a "Xmas miracle."
This means we cross the peak before the end of 2021.
This would likely mean several years of consolidation with a retrace to support at $70-90k characterizing 2022.
Second answer:
The market is more conservative.
We see the $100k target in late 2021 to mid 2022.
We see strong consolidation in 2023, then momentum grows again and we hit $250,000 going into 2024.
Here we have a small retrace to support at $160-180k and continuing momentum for the next cycle.
Which future do we get? Follow the oracle line. If we stay above this support, expect a fast ramp to "Xmas miracles".
Otherwise, hold on for 2024.
Either way, we are likely to see $100,000 BTC before end of 2021, and we will certainly see $250,000 BTC before end of 2024.
Read more on Stock to Flow: medium.com/@100trill...carcity-91fa0fc03e25
Ready?
Stock to Flow is the most reliable indicator of Bitcoin's long term price.
It's rock solid like a law of the universe. You can so reliably predict the general shape of bitcoin's price trend with it that it's almost eerie.
And I'm going to use it here to show you the future.
In this chart the cycle starts hot at orange and goes through the rainbow.
I'm showing you the results of the most recent rainbow cycle and some projections for the one we are entering now.
In every cycle Bitcoin hits the "top price" line. This cycle's top price line is $275,000.
The only question is when.
I have two answers.
First answer:
If we keep on the bullish trend, we may have a "Xmas miracle."
This means we cross the peak before the end of 2021.
This would likely mean several years of consolidation with a retrace to support at $70-90k characterizing 2022.
Second answer:
The market is more conservative.
We see the $100k target in late 2021 to mid 2022.
We see strong consolidation in 2023, then momentum grows again and we hit $250,000 going into 2024.
Here we have a small retrace to support at $160-180k and continuing momentum for the next cycle.
Which future do we get? Follow the oracle line. If we stay above this support, expect a fast ramp to "Xmas miracles".
Otherwise, hold on for 2024.
Either way, we are likely to see $100,000 BTC before end of 2021, and we will certainly see $250,000 BTC before end of 2024.
Read more on Stock to Flow: medium.com/@100trill...carcity-91fa0fc03e25
