Historic Recurrence?

in HODL2 months ago

Crypto market cap is currently seated in a very established range between 300,000 M$ and 400,000 M$.

Three years ago, the total Crypto Market cap was consolidating around 120,000 M$ with BTC having 50% of the total.

What happened after this consolidation everybody remember... an explosive raising which put the All Time High of total market cap at 800,000 M USD.

That was an increase of more than 6 Times the Market Cap.

coindancemarketcaphistorical 1.jpg

BITCOIN has historically grown according to cycles, related with the Halving effect usually, Bitcoin prices have never dropped below their value prior to the latest halving.

image.png
(Source)

The supply of new BTC has decreased, the scarcity plays its role , mining keeps being attractive since Hashrate is still raising as well, so everything seem to indicate that History is repeating itself.

If so, it would not be weird to see an increase of the total Market cap towards 2,000,000 M USD ( at least 5 times the current cap) and, again, if so, BITCOIN would get a price close to 60,000 USD per token as a conservative calculation.

What do you think?

History repeats itself?

@toofasteddie

*Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently. Neither this post nor myself is responsible of any of your profit/losses obtained as a result of this information.


banner.gif

Sort:  

Good analysis. Now if history repeats itself, next year by November or so we should have new ATHs. I don't expect them to be too spectacular as in 2017 but we will have them. My take is that the current market situation should be the final shakeout before the uptrend will continue. The true bull run though will happen by mid 2021 in my opinion.

I'm aligned with your thoughts mostly but we have to take into account that this market is still so young that surprises can appear at any time.

Pienso que evidentemente con correccion "express" antes o sin ella, a mi no me cabe duda. 70.000$ o 75.000$ no recuerdo seguro sale... bueno que te voy a contar, tendremso los obj muy coincidentes... y otra cosa piesno, que dejaria de ver esta foto para ir a yankilandia a por ello y garitos blues mientras lo gestionaran o hicieran lo que hiciera falta. Soñar no es suficiente ni crees en ello!!!

y no dejaria de ser un jodido activo...

image.png

Es lo mas parecido existe la cuerpo de una mujer 😍😍

hahahhahahha! Mola!

SOy de furgos para viajar y furgos y furgos... Y este carrazo, punto todo lo demas es fiat 😝 💪

Por cierto, me ecnatan este tipo analisis mas bien basados en calculos matematicos que hacen que se vea como mas tangibles estas realidades que uno miesntras espera piensa si de verdad puede ser posble... Ya lo creo que si!! Ya no hablamos de dibujitos en un grafico

Perspectiva