All of the technical analysis from the past indicates that if we do grow to $100,000 it'll happen in 3-4 years. And that's looking at how long it's taken to grow to these levels (logarithmic scales) in the past, incorporating halving milestones as a driver of reduced supply growth. Reduced supply growth is a critically important factor in price growth, alongside the more challenging growth in demand.
If someone looks to the price growth since January 2018, he would surely coclude that the price can multiply in a very short time compared to all other kinds of investment. It's logic to believe highly in the potential of Bitcoin and how it could really make a fortune especially if this one has nothing to do in life but waiting for such opportunities . 
Topic: Explained - The Road to $100k Is Underway - page 2. (Read 263 times)
I'm afraid this road won't be as fast as you think. At least 4-5 years. Probably even more.
This is the correct answer.
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I appreciate the enthusiasm everyone has for to the moon growth of bitcoin. We all want bitcoin to hit $100,000. There is zero technical or fundamental analysis to support bitcoin growing 5x in 2021. And I know that bitcoin has grown that much in 2020, but that's from territory that it's already traded within. To grow 5x more in just 12 months requires a rapid expansion of awareness and adoption that is incredibly unlikely. It's not impossible, almost nothing is impossible, but to say that "the road to $100k is underway" is a factually false. There's nothing to indicate we have that momentum building.
All of the technical analysis from the past indicates that if we do grow to $100,000 it'll happen in 3-4 years. And that's looking at how long it's taken to grow to these levels (logarithmic scales) in the past, incorporating halving milestones as a driver of reduced supply growth. Reduced supply growth is a critically important factor in price growth, alongside the more challenging growth in demand.
I like where things are headed, but let's temper the "we've arrived" talk.
I wouldn't be surprised that on the way to 100,000, market makers will shave hamsters a few more times. On the one hand, it is good that many investors buy bitcoins not
for speculation on the stock exchange, but for long-term investments.
But on the other hand, it is very difficult to say where the bitcoin price will go in the near future.
for speculation on the stock exchange, but for long-term investments.
But on the other hand, it is very difficult to say where the bitcoin price will go in the near future.
Makes all the sense in the world - https://www.reddit.com/r/Bitcoin/comments/k3qwnc/explained_the_road_to_100k_is_underway/
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