I remain of the opinion that the last cycle's ATH was cut short, primarily because of China's ban of #Bitcoin mining... right in the middle of the 2021 parabolic run higher.
Had this not occurred, in my opinion, bitcoin price would have likely reached approximately $125k in November 2021.
In light of this--and compared with past cycles of reaching 50-60% of the prior ATHs at the time of the latest #halving, then it is wouldn't be unreasonable for bitcoin's price to reach 50%-60% of $125k by halving day, or $62,500 to $75,000.
This would crush my current target of $45k, but would make sense, in light of the *abnormal* 2021 bull market.
(Not individual investment advice. Just my opinion. I am almost certainly wrong.)
Dr. Jeff / Dr. Jeff Ross
npub1k7v…c04l
2024-02-11 22:46:10
Author Public Key
npub1k7vkcxp7qdkly7qzj3dcpw7u3v9lt9cmvcs6s6ln26wrxggh7p7su3c04lPublished at
2024-02-11 22:46:10Event JSON
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"content": "I remain of the opinion that the last cycle's ATH was cut short, primarily because of China's ban of #Bitcoin mining... right in the middle of the 2021 parabolic run higher.\n\nHad this not occurred, in my opinion, bitcoin price would have likely reached approximately $125k in November 2021.\n\nIn light of this--and compared with past cycles of reaching 50-60% of the prior ATHs at the time of the latest #halving, then it is wouldn't be unreasonable for bitcoin's price to reach 50%-60% of $125k by halving day, or $62,500 to $75,000.\n\nThis would crush my current target of $45k, but would make sense, in light of the *abnormal* 2021 bull market.\n\n(Not individual investment advice. Just my opinion. I am almost certainly wrong.)",
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