134: $400K BITCOIN PRICE BY NEXT YEAR?! | BTC Sees Its 5th Largest Hourly Crash Ever

Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News

English - February 20, 2020 14:44 - 20 minutes - 9.63 MB - ★★★★ - 537 ratings
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Next Episode: 135: BITCOIN PARABOLIC BULL RUN TO $50,000+ WILL BEGIN VERY SHORTLY | $100K BTC Predictions Way Off Base?

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The Bitcoin price performance since difficulty bottom chart shows the formation of a cup pattern peaking in spring 2021. This BTC price prediction tool puts Bitcoin at an astonishing $400k by then.

Right on cue, analyst @100trillion USD, also known as PlanB, tweeted a chart. It’s based on a ratio of current price over bottom price ($3.7k – December 2018) against time and represented by mining difficulty. The chart shows four distinct cycles, each beginning with low mining difficulty that corresponds with a low ratio of current price/bottom price.