Bitcoin Price is About to Explode! Here’s Why

This chart analysis demonstrates that Bitcoin price is going to increase significantly soon!
In this video, I share the Bitcoin Cycle Low Multiple Chart - and provide an overview of how the price of Bitcoin evolved in each previous era.
Based on this trend analysis, we can see the value Bitcoin is likely to reach as we breach the next bitcoin halving event in 2024, and move forward into 2025 and 2026.
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/ @savvystevie
This isn’t financial advice. Always do your own research and make your own judgements before putting your own money at risk. ✅
Transcript:
The price of Bitcoin is going to explode over the next one to two years and here's the data based proof. So in this video I want to talk about this graph here. This graph is referred to as the cycle low multiple graph. This graph breaks down the Bitcoin price history into eras and these eras are defined based on the length of time between dates where the block reward subsidy changes. What's more commonly referred to as dates of halving. The subsidy used to be 50 bitcoins then it was 25 bitcoins then 12.5 and in 2024 the reward subsidy for Bitcoin miners is going to be reduced again to 6.25. The reason this graph is so powerful is although the price changes a lot over the course of time with Bitcoin we can see a massive correlation and a massive trend which seems to repeat with the crypto every four years. This four year cycle can be summarized using these figures here when we look at the total price movement in each calendar year. We typically see one year where prices decline followed by three years of growth and then the cycle repeats again and inside that cycle around every four years the Bitcoin halving event happens where the awards which Bitcoin miners receive are halved and this increases the scarcity of the Bitcoin cryptocurrency token, increases demand, ensures that the ecosystem is maintained because the currency is becoming more and more in short supply. So if you look at the graph here you will see that we are in era four on the red line and we are approaching the point where we are around 100 days from the next halving. What we've seen in every era before this one so era one two and three is that after the event of the halving where the subsidy gets decreased we see an increase and it pushes the market into a really strong bull market. Prices typically peak in a region of one to two years from the halving event and then we see a kind of calming in the market and prices drop and then as we approach the next halving event which will be in 2028 I'm very confident we'll see the same cycle happen yet again. So how this graph works is that it shows the price within each era as a multiple of the lowest value which was seen during that era. So looking at each era one by one you know in era one from the lowest price we saw early in this era the price multiplied to over 200 times this value. In era two we saw a similar shape of graph but this time going to 100 times the value of the lowest value that we saw in this era. So even at this time frame of course the multiples starting to reduce but still a huge increase in investment for many people who were participating in the market during this era. During era three from the lowest point to the highest point we saw a multiple of just over 20 and this is the trend that we are seeing although the shape of the graph is very very similar in every era the value of the multiple is decreasing all the time so you know we're not going to see 200 100 probably even 20 times again in a four year period for bitcoin and based on all of this I expect that over 2024 and 2025 we will see a multiple in this era 4, maybe more in the region of 5 to 10. And if we look at the progress that we've made so far in era 4, right now we're in a price point where we're in a region of a multiple of 2.5 to 3. So I would expect that the price of Bitcoin over the next 1 to 2 years is probably going to at least double and make a little bit more. And I know everybody is just waiting and going to love to see the price of Bitcoin reach that $100,000 marker. If you're interested in seeing a data-based approach on how the price of Bitcoin can move in the long term over the next 10 to 20 years, make sure you subscribe to the channel so you can see that when it gets posted. If you want to see a very quick overview of the new Bitcoin ETFs which have been approved and what that can mean for people that you and I, make sure you check out this video here. And until next time, stay savvy.
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