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BTC to reach $100,000 USD by Q10 2021 - an analysis:

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by COINS NEWS 56 Views

BTC to reach $100,000 USD by Q10 2021 - an analysis:

Hello all,

As we have all seen, the cryptocurrency market has once again entered a bull market, proceeding last month's bear. During this time, I have spent countless hours (roughly 7 and a half minutes) analyzing bitcoin's price trends and charts and have concluded that $100k BTC is on the table for Q10 2021.

Here's my analysis:

First off, we have seen massive gains in price in the past few weeks.

don't look at the rest of the chart pls

If we zoom in and look at this growth closer, we see this:

big green circle in the middle*

Now take a good look at this. What does it look like?

f(x) = 2^x

Exponential growth.

As most of us know end behavior from algebra, as X approaches infinity (in this case time), f(x) approaches infinity (in this case price).

This means that, if time is measured in months, the price of bitcoin should double once per month, meaning by April, we should see price action upwards of $50k, and finally $100k in May (Q10 2021).

Yet, it gets better:

As stated before, the end behavior of this exponential growth means that as time approaches infinity, price will approach infinity. Doubling every month for the next two years, we should expect a price of $458,286,432,256, making those who hold 1 bitcoin have a greater net worth than that of Elon Musk.

This is a once in a lifetime investment opportunity. Be ready.

TL:DR:

Bitcoin price will double every month starting now due to the exponential price gain of BTC. This means that in the next two months, we should expect bitcoin to hit a price target of $100k USD.

Thank you for taking the time to read my analysis. I will be keeping everyone up to date with future price action.

submitted by /u/LaundrySauce110
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