Hello Steemers!
I have been doing some BTC price prediction over the past 3 years, and I have been following my predictions, and up to know they have been working!
Bitcoin’s price has a cyclical nature, and its price has a very noticeable pattern as can be shown below:
Timeframe Between Spikes: 4 months
Spike A: $1.10
Spike B: $30
min: $0.7
Timeframe Between Spikes: 22 months
Spike A: $30
Spike B: $230
min: $2
Timeframe Between Spikes: 8 months
Spike A: $230
Spike B: $1150
min: $70
Timeframe Between Spikes: 48 months
Spike A: $1150
Spike B: $20000
min: $200
Based on this, I saw that a pattern among the minima as they where respectively in the range of: $0.7 ± $0.05, $2 ± $0.3, $70 ± $5, $200 ± $10 and I predicted a minima of $7k ± $500 for BTC after the last spike at $20k, and look where it has gone! The minimum was in fact about $6500.
Based on the timeline there will be a gap of 16 months between the $20k spike and the Spike B of approximately $100k, it's a bullet pack estimation, however, the price will go toward that order of magnitude.
Let me know your thoughts and comment below if you want more price analysis for other cryptos!