Bitcoin: The Prophecy is True

It's really happening - Bitcoin is seeing more widespread acceptance, and as we head into another halving (of new supply), the price is lifting off toward $100,000 and beyond. The recent Bitcoin ETF startup only temporarily held back the price, which has resumed the uptrend intact for more than a year. This long-term logarithmic chart shows the "prophecy" pattern in white:

The pattern goes back even further (BTC started trading in 2010), but even this 10 year trend is massively impressive. I've been closely following this chart the whole time, probably longer than anyone reading this post. I was doing Bitcoin charts when the price was in the tens of dollars. This pattern has been repeating on the micro and macro scales from day 1.

Yes, Bitcoin's price is volatile. But it's also very predictable, if you look at this long-term trend. It has always followed this pattern, with 4 years between major cycles.

Have a look at the past year of price action:

Another nice channel. Looking at the past few weeks, we see the recent top at 48k, when the ETF was announced, the pullback to 39k, and now a move back up to 46k.

What happens if the 48k level is taken out? Obviously, a move into the 50s would be next, potentially in the next few weeks. That would probably mean a test of the 69k top from 2021, later this year. Will that get taken out? The pattern says "yes", and predicts a new all-time high of about $150,000 in 2025.

What it might look like:

This is something I've been saying for a very long time. In 2016, I predicted a big spike up (into the hundreds of thousands, possibly as high as a million) in 2024/5. I basically drew the above chart, as a prediction, ten years ago. My predictions are all over YouTube, blockchain blogs, and other platforms. And they've all been right, all along. Am I finally wrong this time? We'll see. But it appears, as long as the world holds together and the power stays on, that Bitcoin is headed into the 6 digits very soon.

DRutter