Bitcoin Price Projection to 2050

6 de fev. de 2019

This chart shows the resistance lines in purple as our main indicator.

Fact#1: Historically, once
Bitcoin breaks below a purple resistance line, it will
not retrace above it.

Fact#2: Next thing we have to determine is how long each
cycle lasts. First two cycles had a two week difference, or
a 1.6% increase. Second and third cycles have an 84 week difference.
With this in mind, we will assume that cycles 3 and 4 are
similar in length and trajectory as cycles 1 and 2. Same goes
for cycles 5, 6 and 7, 8.

Fact #3: Assuming that December 2018 was the bottom,
we see that each of the last 3 bottoms 2011, 2015 and 2018
have been decreasing in drop percentage from the
all time high. If this continues, we will see Bitcoin volatility
start to stabilize as the price continues to increase.


With all these factors in play, we can expect a Bitcoin price
of around $4.6 million by 2050. That will be a total Bitcoin
market cap of around $89 trillion, and that is not counting the
thousands of other cryptocurrencies in existence.

Keep in mind that this forecast can change based
on how you draw the purple resistance lines.