Bitcoin Price Could Blitz Beyond $150,000 During Next Bull Cycle in 2023

[MathGame]

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/1112472531049553920

https://www.ccn.com/bitcoin-150000-2023-next-cycle-analyst

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[harizen]

This should be on Speculation section.

Didn't saw much of a technical analyzation or details since he based his speculation of what will be the future price based on it's past performance. Therefore, it will just be added to set of speculations by other analyst.

But I like his positivity. Newbies can also look at his chart readings for references purposes.

[jakelyson]

This is just wishful thinking.I always see this quote, "past performance does not guarantee future performance." The same can be applied to bitcoin.

[lutfi-hasan]

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/1112472531049553920

https://www.ccn.com/bitcoin-150000-2023-next-cycle-analyst

Good analysis, everything can happen in this world, Bitcoin is the most successful digital currency at the moment, its growth from year to year is always increasing, and this has been proven, hopefully this prediction becomes real.

[livingfree]

He skipped 2020's major event of bitcoin halving but foresee's that the effect would come by the end of 2021. And by that time, he said that it will surpass $20k and could reach a new all time high. What can we ask from this speculative market? all of the points and speculations were pretty interesting. I'm starting to think now on what would life will be if the price speculated will be reached by that time. But there's also a  question that bothers me, am I still holding until that time?

[ralle14]

hopefully this prediction becomes real.

Most likely it won't just like the other speculations we see from the "experts".

This is just wishful thinking.I always see this quote, "past performance does not guarantee future performance." The same can be applied to bitcoin.

I agree that it doesn't guarantee the future price, the blue line on the picture is always above or below the projected line it could be close to $150,000 but 2023 seem too long I feel like the new peak would be reached maybe a year early.

He skipped 2020's major event of bitcoin halving but foresee's that the effect would come by the end of 2021. And by that time, he said that it will surpass $20k and could reach a new all time high.

He didn't skipped the halving events, on his prediction the line is projected go back up after each halving

[kaya11]

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/1112472531049553920

https://www.ccn.com/bitcoin-150000-2023-next-cycle-analyst

Am I missing it right? Gap of years between 2017 and 2023 is 6 years? Previous bounce gaps are 3  years? Maybe it should be in 2020 right? Well if we are talking about the Bitcoin cycle should be next year I think. Or maybe a new cycle is born and the gap their gaps will be six years in 3 rows.

[traderethereum]

2023 will be too long to see the next highest bitcoin price. Maybe that price can be reached the next year since the reward for the miner is reduced and I think that will makes the price will increase higher. That is still prediction only, and people can say anything related to bitcoin price. I only believe that bitcoin get the new highest price in the future as we cannot predict when it's happening.

[mindrust]

Makes sense.

From $200 to $20k, we had a x100 pump and this happened when people were already thinking that bitcoin was too big to move.

Now we had $3.1k. If we make another x100 run, we'll get to $300k.

But, I believe the the next pump won't be as strong as the last one which was x100, so $150k (x50) makes sense in a way.

Also %99 of the time you won't be able to get out at the absolute top, so you better set your targets at $100k instead.

[Slow death]

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

Why all the time they are remembering that the price already fell 82%? this does not help bitcoin

one analyst sees the dominant cryptocurrency surpassing $150,000 by 2023.

$150,000?

this is a big exaggeration, I like bitcoin, I like to hear the price forecasts, I like to be optimistic ... But we have to be more moderate when we make price forecasts. $ 150,000 is a very high value. if he told me $ 30,000 I could say that he has chances to be possible, but $ 150,000 is a big exaggeration.

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.

all he did was look past and try to look to the future. But in the case of bitcoin is a big mistake look at the past and think that it will repeat itself in the future. in the past there was little adoption and less government pressure, there is now greater adoption and greater pressure from governments.

[rizkyhiw]

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/1112472531049553920

https://www.ccn.com/bitcoin-150000-2023-next-cycle-analyst

Good analysis, everything can happen in this world, Bitcoin is the most successful digital currency at the moment, its growth from year to year is always increasing, and this has been proven, hopefully this prediction becomes real.

Don't you see the market? every year Bitcoin doesn't increase and the market takes a few years to pump again and now good pumping occurs after being under $ 4000 for a long time, I think this hasn't entered the real bull market phase but this is reasonable price fluctuations and there are many people talk about manipulation, I don't think too much about it because I expect everything to be fine until the market really becomes a great market.

[ryzaadit]

Just a Cycle some times it can be wrong, but i think bitcoin price on $150,000 to exaggerating. On his speculation only based on a cycle, any reason why bitcoin will cross $150,000 with a 4 years starts from now. Nothing is definitely in the future, i still on realistic target in this year or 2020 bitcoin need cross $10,000 or $15,000 first before the next rally with Halving bitcoin on 2020.

[Bitinity]

It is just another speculation or prediction based on the past cycle pattern, but I do not think bitcoin has its pattern as the price is always depending on the global supply and demand. As what others have said, $150,000 in the next 4-5 years is just too much. Bitcoin can break its ATH in the next 4-5 years is reasonable but not for $150,000 imho. Of course we have our own prediction and speculation, we are free to predict but I think we should be more realistic.

[alisafidel58]

I would believe this analysis because every year bitcoin gets major adoption from different countries and business establishment. It's not far from reality with the current market where every year more traders are coming into exchanges and trading bitcoin.

[GreenStox]

I would believe this analysis because every year bitcoin gets major adoption from different countries and business establishment. It's not far from reality with the current market where every year more traders are coming into exchanges and trading bitcoin.

indeed, from year to year, people who know the cryptocurrency trade will be more numerous and certainly it will have a good impact on the price of bitcoin which will certainly be very expensive because of the increasing influence of demand.

[slaman29]

Wait what, I only need to wait 4 years for my beloved Bitcoin to reach 30x? So if I somehow manage to collect 1 Bitcoin in 2019, I will have 150k in 2023?

4 years to financial freedom? I can't wait seriously. It's too long for me. But let's be serious guys. When was the last time we say 30x happen in 4 years? Oh wait, it happened many times in Bitcoin;)

1 Bitcoin. My mantra now.

[Ranly123]

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/1112472531049553920

https://www.ccn.com/bitcoin-150000-2023-next-cycle-analyst

That's a bit too exaggerating to see, but many would be happy if that's the future of Bitcoin. Yes it's too much yet if becomes a reality then I would be glad to say that I will be a millionaire in my country by that time.

[Mometaskers]

Very optimistic forecast. We don't even know how long the price can hover at 5k. Many are even suspecting that this is some sort of false signalling, check how market would react to a perceived approaching bull run.

[Jating]

He skipped 2020's major event of bitcoin halving but foresee's that the effect would come by the end of 2021. And by that time, he said that it will surpass $20k and could reach a new all time high. What can we ask from this speculative market? all of the points and speculations were pretty interesting. I'm starting to think now on what would life will be if the price speculated will be reached by that time. But there's also a  question that bothers me, am I still holding until that time?

Yes, I don't know why he skipped it. Because that's what everyone waiting for, the catalyst to re-ignite the market to a new all-time-high in 2021 and beyond.

I can't say much to his prediction, everyone wanted to see a big price and collecting bitcoin as this point should be our main goal. Maybe his prediction can became a reality, or maybe not, but at least we are all prepared and not to be caught off-guard.

[elda34b]

I can't say much to his prediction, everyone wanted to see a big price and collecting bitcoin as this point should be our main goal. Maybe his prediction can became a reality, or maybe not, but at least we are all prepared and not to be caught off-guard.

Yep, we definitely don't know when it could or would happen. I'd better be prepared with any scenario, not going to go all in or buying too little.

Very optimistic forecast. We don't even know how long the price can hover at 5k. Many are even suspecting that this is some sort of false signalling, check how market would react to a perceived approaching bull run.

A clear indication of disbelief phase imo, and there could be a new run soon.