Despite the 82 percent drop in the valuation of the crypto market in the past year and the inability of bitcoin to recover beyond $4,000 in the past three months, one analyst sees the dominant cryptocurrency surpassing $150,000 by 2023.
Josh Rager, a cryptocurrency technical analyst and investor, said that based on the price trend of bitcoin since 2011 and the pattern of bitcoin rebounding from a correction following an all-time high, he sees bitcoin achieving a new peak price in 2,051 days, by 2023.
The next Bitcoin cycle should peak out in July 2023 and could reach a price at $150,000 or more per Bitcoin
Cycle Peak Prices:
2011: $31
2014: $1,177
2017: $19,764
2023:
($150,000+ projected)
10:51 PM - Mar 31, 2019 - twitter:
https://twitter.com/Josh_Rager/status/1112472531049553920https://www.ccn.com/bitcoin-150000-2023-next-cycle-analystIn another thread people were complaining about the wild predictions that some people were making and now I understand what they meant, while I have no doubts that the price will recover by that year it is impossible to predict how high the price will go but I find it very unlikely that we are going to reach 150,000 dollars for each coin that soon, and if we do, that price is not going to be sustainable and it is only going to generate another huge crash.
