Lyntics Research
Lyntics Research 1 minutes reading from Bitcoin

Bitcoin Price Passes $20k, Now Worth More Than $200 Million

Today BTC crossed the 200-day moving average and the psychological barrier of 20,000. Historically, every time the price has crossed the MA, the bottom had already been reached and the price started to rise slowly in preparation for the next halving (expected to be in...

438 days

Comparing the previous cycles of Bitcoin, from 2012-2016, the bottom was reach in 60 weeks with a drawdown of almost 87%. From the day the price crossed the 200dMA to the ATH in Dec 2017, the price increased from 251 to 19800 (x78.8).

Next Bitcoin Halving 2024 Date & Countdown [BTC Clock]

From 2016 to 2020, the bottom was reach in 52 weeks, with a drawdown of 84%. From the day the price crossed the 200dMA to the ATH in Nov 2021, the price increased from 4600 to 69000 (x15).

The 200dMA of today is currently around 19512. The multiple of the cycle 2012-2016: 78.8 The multiple of the cycle 2016-2020: 15.0 With these two values, extrapolating with a negative potential function, ...

the multiple of the next cycle could be around 5.6-5.7 times 19512. That would bring the Bitcoinprice in 2025 around 110.800.

This post is based on this twitter thread.

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