Hello, that is my first put up right here on reddit.
I have been in bitcoin since 2013, have not posted loads although. I'm nonetheless fairly energetic on tradingview, and wish to share my view on bitcoin longterm worth development, so that individuals would possibly find out how the BTC cycles work, and that the basic bitcoin worth drivers are:
Metcalfe's regulation and community development
That is why I feel we have nearly reached the low within the present bearmarket. It certain might go as little as 1500-2500, however that is simply random noise in the long term.
Anyhow, this is one among my charts from 7 months in the past, which appears to be fairly correct to date:
Value development follows a square-root perform within the logarithmic chart.
Longterm goal 2030+ : 1million USD per BTC 😉
There will probably be many extra bull- and bearmarkets. It is regular and a part of the rising course of.