How many times will the Bitcoin(BTC) price surge compared to the latest bottom price?

in #bitcoin • last year

1000004209.jpg

Source: @stockmoneylizard on X

660 dvided by 110 is 6.

110 divided by 22 is 5.

22 divided by x is y.

It looks like a geometric progression. If yes, x and y would be 5.5 and 4. 4 means, the next ATH(All Time High) will be the latest bottom price multiply 4. The latest bottom price is $15.5k. So, the next ATH would be $62k. Well, it is less than the previous ATH which is $69k.

I think it's not gonna follow the geometric progression. If BTC spot ETFs are approved by regulative institutions, the next ATH would be higher than the previous ATH and $62k.

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     last year 

    Upvoted! Thank you for supporting witness @jswit.

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       last year 

      Interesting analysis! While the geometric progression suggests a next ATH at $62k, I agree that external factors like BTC spot ETF approvals could significantly impact the trajectory of Bitcoin's price. The market can be unpredictable, and it's always essential to consider multiple factors when making predictions.

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