BTCUSD: Logirthmic Curve & Network Growth : $100K in 2021?
Updated
Logirthmic Growth Curve and Bitcoin Network Hash Rate perspective; long-term bullish and very much on track.
Previous cycle extrapolation points to new ATH in March/June 2021, followed by 100K by December 2021.
Ie 6-9 months to new ATH, 12 months to 50K and 18 months until new top around 100K.
Flags & golden bars represent halvings. Buy signals indicate network is continuing to grow.
Buy the growth, long the net
Hash Ribbons Buy Signals 2016-2020 Extrapolation
Previous cycle extrapolation points to new ATH in March/June 2021, followed by 100K by December 2021.
Ie 6-9 months to new ATH, 12 months to 50K and 18 months until new top around 100K.
Flags & golden bars represent halvings. Buy signals indicate network is continuing to grow.
Buy the growth, long the net
Hash Ribbons Buy Signals 2016-2020 Extrapolation
Comment
On the Daily time-frame at least, this signals has always confirmed after hash rate recovery usually within a few days days. The exceptions to the rule was after the second halving in 2016, which was delayed by around 10 days, as well as 2015, that took 4 weeks to confirm.Most notable all 11 buy signals (blue) have appeared within a month of recovery in hash rate (green), followed by making new hash rate ATH within a short number of days. It's hard not to see the obvious nature of the similarities between these halvings, price aside. To me it therefore seems any dips will be well-defended as the next bullish cycle for Bitcoin will be ready.
2012 - First Halving
2016 - Second Halving
2020 - Third Halving
Source:: bitcointalk.org/index.php?topic=5255531.msg54704019
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