Rising to $ 20,000 is the beginning .

The high volatility of bitcoin and the price to fall throughout this year, may alienate or even scare some of the reasoning and calculations at the expense of the future of BTC, however, according to reports moneymorning.com in the transition to the logarithmic chart, price forecast in the long-term consideration, the main cryptocurrency should be a clear model, which says that there will be some more cool jumps up.

According to the findings, the price of bitcoin will not only reach its past maximum of $20 000, but will also overcome the mark of $50 000, $250 000 or even $1 000.

Pratik Gurkha, an interdisciplinary social scientist interested in the Economics of innovation and creativity, studies the phenomenon he called "Parabolic Trav" in bitcoin. The basic idea is that every major price jump on BTC took place as a result of going through three different phases.

Each major price movement included a phase of stagnation, an exponential phase of rapid growth, and a phase of decline. These cycles have led the price of one bitcoin from a few cents in 2010 to thousands of dollars today.

In this context, the recent decline of 70% is not as ominous as it might seem, and the chart below shows well how the periodic sharp decline did not disrupt the overall picture of future higher prices.
An interesting observation is that the arrival of the next cycle does not allow the price to fall to the level observed in previous cycles. Several examples are given to prove this:

For example, take the first takeoff when BTC rose from $ 0.95 to $ 32 and then dropped to $ 2.00 - a 94% drop. But even in this case, the price was twice as high as at the beginning of the cycle.
The same thing happened in late 2013, when bitcoin soared to nearly $ 1,200, from about $ 100 in just four months. The subsequent decline briefly slipped below $ 200, but spent most of 2015 in the range of $220 to $275.
The growth has not yet begun

It could be assumed that last year's move to a record high of almost $ 20,000 was a phase of" exponential growth, "but the chart says the opposite and according to Gurkh, since last fall we are still in a phase of"stagnation."

He also noted that several factors have suddenly changed and he is still struggling to figure out their consequences by listing such important events as bitcoin ETF expectations, Lightning Network development and possible manipulation of futures markets. This means that the rise to $20,000 was just a prelude to a much bigger step forward.

If this is true, we are in an extended phase of stagnation and the next phase of growth is not far off. And when this happens, it is likely that within the next six months or a year it will lead to an increase in the price of bitcoin somewhere up to $50 000, possibly up to $100 000.

All of this is also consistent with some ambitious bitcoin price forecasts from such famous figures as Tom Lee, Tim Draper, and even John McAfee.

Of course, there is no guarantee that the price of bitcoin will continue to follow this scheme. But there is no doubt that he still follows the "Parabolic Trav" created by Pratik Gurkh.