The general cryptocurrency market (including BLURT) follows Bitcoin. And the BTC chart points at 2024 and 2025 being years of big gains! Before I get into that, here's a 10 year logarithmic price chart, with a horizontal blue line every 4 years:
This pattern has repeated from the very start around 2010, and has a lot to do with fundamentals, such as the "halving" cycle Bitcoin undergoes.
Notice what tends to happen at this point in the cycle - a sustained uptrend over the next 2 years. It happened in 2020/21, it happened in 2016/17, and it happened in 2012/3.
There will be pullbacks and corrections along the way, but it appears we are about to make a run for the $69k top. If history is any indication, that won't be a barrier for long. So where and when could the price peak in this cycle?
Higher and faster moves are certainly possible, but this is a conservative estimate, given past performance:
It shows a peak in the second half of 2025, somewhere around the $120k-150k level!
That would mean BTC is going to quadruple within the next 2 years. It appears that once again, now is a very good time to be holding Bitcoin.
What about BLURT?
My analysis shows BLURT (and other cryptos like HIVE) are following along with Bitcoin, except that Bitcoin is already pulling ahead:
Bitcoin normally leads into a bull run, and then the other smaller cryptos have their big move. That means late 2025 could be when BLURT finally breaks out to new highs over 0.1 USD.
What do you think? When will Bitcoin have its next move up, and how high will it go?
DRutter
