BTC is continuing its dominant trend, first major target is 16,000$ before halving. Next ~30,000$ most probably a year after halving.
Each asset has it's own market cycle, I am trying to find a market cycle of both and a correlation of Digibyte to Bitcoin market cycle. Putting some average price targets, which are not at all accurate. But trying to find a trend reversal point on the chart based on timing of a previous market cycle and halving effect on price action.
After the previous Bitcoin Halving the price of Digibyte had an incredible increase, if this scenario repeats, we might see DGB over 1$ in one year.
A possible target for cryptocurrency total market cap by 2021 - 2022.
The average ROI of Total crypto market cap comparing to DGB ROI since the beginning of 2017.
If Bitcoin continues to repeat the previous market cycle pattern. 2013 - 2017 reaching ATH (1000$ - 20,000$) 2014 - 2018 Trend Reversal: Bearmarket 2015 - 2019 Price Bottom: End of Bearmarket (200$ - 3200$) 2016 - 2020 Halving 2017 - 2021 reaching new ATH . Bitcoin ROI since 2015 Bottom to 2017 ATH was 100x Bitcoin ROI since 2013 ATH to 2017 ATH was...
The Chart Compares Return on Investment comparing Bitcoin/US Dollar with Digibyte/US Dollar.
Compare Bitcoin market cycle of 2013 - 2017 and 2017 - 2021 2013 - 2017 ATH 2014 - 2018 Trend reversal & Downtrend 2015 - 2019 Price Bottom & Reversal to Uptrend 2016 - 2020 Halving, reaching previous ATH 2017 - 2021 New ATH