Bitcoin / TetherUS
Long

Bitcoin Growth Cycles

291
Studying the history of Bitcoin growth cycles, I had a theory! If we sum up the percentage of growth of the last four main cycles and divide the sum by the number of cycles, then we get the average growth rate as a percentage. And it is about 640 percent! This is the possible average minimum growth range, in percentage terms, during a new cycle. If we take as a basis the price low that has formed at the moment, then the next price peak will be no lower than $116,700! Moreover, we see that starting from 2017, according to the 1-2-1-2 formula, the first cycle shows the maximum growth, and the second is 60% of the price movement range. Therefore, I think that 640 percent with a new cycle is far from the aisle for Bitcoin, and the price will be able to reach higher levels!
P.S. But if the starting price of a new cycle of growth is lower than the current one, then the percentage of growth can be much higher!

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