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Thank you everyone! Let's break down the #bitcoin 
cycles and see how well history is rhyming. /1
High $32, Low $2, Halving $12
High $1,163, Low $152, Halving $658
High $19,892, Low $3,129, Halving $8572
Thank you everyone! Let's break down the #bitcoin cycles and see how well history is rhyming. /1High $32, Low $2, Halving $12
High $1,163, Low $152, Halving $658
High $19,892, Low $3,129, Halving $8572
Starting with drawdowns from they cycle highs of $32, $1,163, and $19,892. While still down 40% from the ATH of $20k, the #bitcoin price is slightly ahead of the prior cycle. /2
price is slightly ahead of the prior cycle. /2
Zoom out and switch to log scale and we can see that from peak to peak, the first 2 cycles went up 36x and 17x from the prior high. The #bitcoin price would need to reach $340k to match the 17x from the last cycle. /3
price would need to reach $340k to match the 17x from the last cycle. /3
Next up let compare the lows of $2, $152, $3,129. Here the price is a little behind the prior cycle but still remarkably close. /4
Zoom out and switch to log scale and we see prior price increases of 524x and 130x from the low. The #bitcoin price would need to reach $400k to match the 130x from the last cycle. /5
price would need to reach $400k to match the 130x from the last cycle. /5
Last up are the halving prices of $12, $658, $8,572. The price post halving this cycle is significantly ahead of the prior cycle that had a large post halving dip. /6
Zoom out and switch to log scale and we see prior price increases of 93x and 30x from the halving. The #bitcoin price would need to reach $250k to match the 30x from the last cycle. /7
price would need to reach $250k to match the 30x from the last cycle. /7
The multiples from prior cycles applied to the current one arrive at highs between $250k and $1.6M in the next 18 months. While this may sound exciting, it's just hopium. The prior highs and lows won't dictate the future. /8
It's the path I'm trying to highlight, not the destination. (But I love me some hopium too so please forgive my lapses. 
) Thank you for joining me on my #bitcoin journey. 
/9
) Thank you for joining me on my #bitcoin journey. /9
And a special thanks to @real_vijay for providing some inspiration for this thread https://twitter.com/real_vijay/status/1296198491677499392?s=21 https://twitter.com/real_vijay/status/1296198491677499392
