Extremely unsurprisingly, we've broken out in the upward direction.
https://peakd.com/leofinance/@edicted/market-watch-october
BTC 'should' be trading above $12k by the end of the month.
The doubling curve is a strong support.
2020 Bitcoin Doubling Curve
| Jan | Feb | Mar | April | May | June |
|---|---|---|---|---|---|
| $6933 | $7467 | $8000 | $8533 | $9067 | $9600 |
| July | Aug | Sept | Oct | Nov | Dec |
|---|---|---|---|---|---|
| $10133 | $10667 | $11200 | $11733 | $12267 | $12800 |
We've basically been following it for over a year now. Sure there's high variance, but we've been traveling on the curve this year more than all 3 years prior combined.
# Eth is also trading higher.
When combined with buying pressure on wLEO that brings LEO back up to all time highs at 27 cents a coin.
Did I forget to mention there's $432k in the liquidity pool? Another all time high. Ignore my previous stance about the 300k airdrop diluting the pool. Liquidity trumps everything, and we have a good amount now.
It doesn't stop here... Just getting started.
As I said before, October will be an "okay" month for crypto.
All the crazy stuff happens in November and December anyway.
February will likely be the best time to buy for the next year.
We've seen this play out before.
Cutting Bitcoin inflation in half has had this effect without fail.
And we are following the exact same pattern now.
Chaos Theory
History may not repeat itself, but it rhymes, and once again we're being given the opportunity to ride these waves in.
Official prediction.
I think Bitcoin will at least double from here with Ethereum at least tripling.
At best Bitcoin would triple and ETH would go x9 (pretty unlikely I think).
Ethereum often 'outperforms' Bitcoin by double (in both directions).
Expecting a peak in Late December to Early January.
Expecting a crash back down near the doubling curve in Feb.
If the pattern plays out again... from February to December 2021 Bitcoin could go as high as $280,000 in Q4. That's the number I'm targeting. A crash from there to at least $100k would be in order (to the unit-bias and Stock to Flow baseline). 13 months after the peak, we'd then see a final crash to the doubling curve after volatility was gone.
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| $12.8k | $25.6k | $51.2k | $102.4k | $204.8k | $409.6k | $819.2k |
Funny how doubling every year becomes a conservative target.
Once again, predicting a spike to $280k Bitcoin with a crash down to $51k Q4 2022. Truly, it sounds ludicrous saying it out loud, but that's the best guess I've got.
Here's the super crazy part
If the pattern played out again in 2025, Bitcoin would be at least x10 the doubling curve. That's $4M for a single coin. Think that's impossible? That's "only" a market cap of $76T. That's still not as much cash USD in circulation and 'only' 10 times more valuable than gold. Personally, I think this is possible.
What about other coins?
I think Litecoin and Monero will do well. Also Binance coin has always been a top performer (although this community tends to boycott Binance). Also I think projects like Link, Rune, and Uniswap coin will do quite well in addition. When Bitcoin is trading at all time highs, things get crazy. Psychology changes. Easy come, easy go, money everywhere.
Conclusion
It's been a long four-year cycle. We've all felt it. The Hive community has been hit the hardest. However I see a light at the end of the tunnel, and time keeps tick tick ticking away. Billions of dollars in greedy/dumb money are about to be created out of thin air and thrown at every project, once again. All we have to do is HODL.
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