My crazy formula for bitcoin
Coming from an engineering family and knowing my tendency to simplify things I applied the "pendulum" motion on bitcoin's market and as you can see we will reach 20K again by end 2019 beginning 2020...
Also I believe that after reaching 20K we might fall down to 15K but then after ... well, we might have a crazy run to a 400K bitcoin if my theory is right which is simply 20xATH or 20x20K= 400K in 1/2 the time of the previous cycle....
BTC price= (20xATH) + 1/2tpc
where tpc is the time of the previous cycle
For example it took almost 3 years from 2014 to 2017 to come back to the ATH of almost 1,000K per bitcoin and then shoot up to 20K which is 20xATH...
So if it took 3 years before now it should take around 1,5 years so that will be on the 2nd half of 2019 and so 20x20K is 400K which, apart the crazy math, is a reasonable pricing taking in consideration how fast things change in krypto and 1 year can be 10 years of traditional stock markets...
Of course this my crazy study of bitcoin and wishful thinking...
In case you are curious on how I come up with such numbers, well... I can only say that I take in consideration 3 factors:
(1) cyclical patterns, (2) the exponential nature of bitcoin and some (3) sense/logic to balance it all...you can do it too...