Bitcoin's Seasons
Bitcoin goes through cycles like the seasons of a year. The following are BLX prices:
July 2020 to Jun 2011 6 cents to $31.90 Summer and Fall
Jun - Nov 2011 $31.90 to $2.01 Winter
Nov 2011 to Nov 2012 $2.01 to $12.65 Spring
Nov 2012 to Nov 2013 $12.65 to $1177 Summer and Fall
Nov 2013 to Jan 2015 $1177 to $163.88 Winter
Jan 2015 to Feb 2017 $163.88 to $1185 Spring
Mar - Dec 2017 $1185 to $19764 Summer and Fall
Dec 2017 to Dec 2018 $19764 to $3148 Winter
Dec 2018 to July 2019 $3148 to $9216 Spring
I believe this spring will last until the end of this year into early next year as the BTC price approaches $19000+ again. Summer and Fall are coming again for Bitcoin with great price appreciation after that into six figures. In 2014 Tim Draper predicted $10000 BTC in late 2017 and was correct. He is now predicting $250,000 BTC in early 2023. Will he be correct again? Time will tell. When the top of the Bitcoin Log Curves indicator is hit again I suspect Fall will be over and another winter bear market will begin.
July 2020 to Jun 2011 6 cents to $31.90 Summer and Fall
Jun - Nov 2011 $31.90 to $2.01 Winter
Nov 2011 to Nov 2012 $2.01 to $12.65 Spring
Nov 2012 to Nov 2013 $12.65 to $1177 Summer and Fall
Nov 2013 to Jan 2015 $1177 to $163.88 Winter
Jan 2015 to Feb 2017 $163.88 to $1185 Spring
Mar - Dec 2017 $1185 to $19764 Summer and Fall
Dec 2017 to Dec 2018 $19764 to $3148 Winter
Dec 2018 to July 2019 $3148 to $9216 Spring
I believe this spring will last until the end of this year into early next year as the BTC price approaches $19000+ again. Summer and Fall are coming again for Bitcoin with great price appreciation after that into six figures. In 2014 Tim Draper predicted $10000 BTC in late 2017 and was correct. He is now predicting $250,000 BTC in early 2023. Will he be correct again? Time will tell. When the top of the Bitcoin Log Curves indicator is hit again I suspect Fall will be over and another winter bear market will begin.
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