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BTC · 2w

Bitcoin to $150,000 in the next bull run? Pattern inside.

I've found an interesting pattern [in this article.](http://www.finsmes.com/2020/06/bitcoin-price-target-set-at-five-times-prior-high.html) What do you think? >As if on cue, from 2009 to 2012, 2013 to 2016, and 2017 to 2020, bitcoin rose to its peak, falls down hard, recovered roughly to the mid-point of the previous peak before the next halving event and then rose to its next peak. > >Here is a quantitative summary of the key figures: > >Peak 1 at $32 and halving (2012) at $12.5, or 39% of prior peak. > >Peak 2 at $1,179 and halving (2016) at $665, or 56.5% of prior peak. > >Peak 3 at $19,764 and halving (2020) at $8,977, or 45.5% of prior peak. > >Taking a closer look at these figures highlights another trend few others have noticed. > >The ratio of Peak 1 to Peak 0 (50 cents in 2010) is 32/0.5 = 64. > >The ratio of Peak 2 to Peak 1 is 1,178/32 = 36.81. > >The ratio of Peak 3 to Peak 2 is 19,764/1,178 = 16.77. > >Each new ratio is roughly one half of the previous one. This implies the next peak for bitcoin could be 19,764 times 8, or $158,112.
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