RE:RE:Novogratz Sees Bitcoin Above $20,000 Within 18 MonthsAnalysts at Canaccord Genuity expect to see the same.
Now four months into 2019, we note for the third time the striking similarity in bitcoin’s price action between 2011-2015 and 2015-2019. While this simple pattern recognition has little fundamental basis, we note that bitcoin does operate on a four-year cycle of sorts, as the halving of bitcoin’s mining reward occurs approximately every four years. Bitcoin has started to form the spring 2019 bottom we began mentioning last year, although a close look at the chart suggests the recovery may be slightly ahead of itself. Looking ahead, if bitcoin were to continue following the same trend, the implication is a slow climb back toward its all-time high of ~$20,000, theoretically reaching that level in March 2021. https://www.coindesk.com/cannacord-analysts-predict-bitcoin-price-return-to-20k-in-2021
bogi wrote: How useless this is - is he a weather forecaster ? Does he wear special glasses ? Still useless