Josh Rager, a cryptocurrency technical analyst and investor, said that based on the price trend of bitcoin since 2011 and the pattern of bitcoin rebounding from a correction following an all-time high, he sees bitcoin achieving a new peak price in 2,051 days, by 2023.
The next Bitcoin cycle should peak out in July 2023 and could reach a price at $150,000 or more per Bitcoin
Cycle Peak Prices:
2011: $31
2014: $1,177
2017: $19,764
2023: ($150,000+ projected)
10:51 PM - Mar 31, 2019 - twitter: https://twitter.com/Josh_Rager/status/1112472531049553920
https://www.ccn.com/bitcoin-150000-2023-next-cycle-analyst
I don't see any reason to extend it like so since you're exclusively taking peak prices and not considering the variety of factors that had made it so.
If I extrapolate the number of tacos I have each Taco Tuesday, am I going to eat 400 by the end of next month?