Bitcoin looks to be on course for north of $100k this year

With the current pace we have been on, only getting to $100k actually sounds like a bit of a disappointment, but it's still a pretty large number.

PlanB is pointing towards something north of $100k by the end of this year and possibly as high as $250k before the next halving.

But, if we take into account with what we know about how bitcoin performs around its halvings, we know that high would likely have to hit during this bull market.

We know this because once it peaks we have a year of bear, and then a year of consolidation before we build up into the next halving.

Add all that together and it would mean if we are going to get to $250k, it's got to happen during the current bull market.

I like the conservative estimate of $115k though, it helps me not get disappointed if I hold out for those really large numbers.

(Source: https://twitter.com/Bitcoin/status/1349934721321451520/photo/1)

The cool thing about this chart is if you look how far away the price was during its peak than the expected trend line, we see very quickly how conservative that $115k target really is.

In both previous instances the price was exponentially higher than that expected trend line, while the $115k prediction number is barely above it.

That means the odds may favor much higher prices by the time we eventually do peak, and that definitely works for me.

$115k as a base case sounds very nice, we just need our favorite altcoins to go along for that ride!