MOST PEOPLE ARE STILL SLEEPING ON THIS, BUT THE CLOCK IS TICKING...
BIGGEST. BULL. RUN. EVER.
STARTING. NOW 🚀
The base of Bitcoin's price trajectory has followed a power curve since it started trading on exchanges in July 2010, nearly 16 years ago.
My preferred method for measuring deviation from the trendline is via time. Horizontal deviation instead of the more typical vertical deviation. The contours show the position of the power trendline [1,2,3,4,5] years in the future.
It's hopefully clear that price is volatile and spends a lot of time above the trendline. However, if the trendline holds into the future, price shouldn't spend too much time below. So, I think of these as rough estimates of the lower bound of Bitcoin's future price.
In four years, I'd expect a nasty crash (like we're in now) to take us down to ~$232,000. That's an annualized return of ~35% from where we are today.
Of course, these numbers all assume that Bitcoin's price will continue along the power trendline. This plot also overlays past four-year price fractals that were scaled using the time deviation metric, but that's a separate topic. I just wanted to describe how these contours tell you where the trendline will be in the future.
#TraderAlert #bullish #Market_Update #degens #bitcoin