I back dated the 2 last cycles based on BTC performance and as you know nothing moves without BTC moving first. We have some very unique circumstances with the new BTC ETFs that make crypto more accessible and safer to otherwise ignorant new crypto potential investors.
In the 2016 pre bull to 2017 bull year BTC 19X’d
In 2020 pre bull to 2021 Bull year BTC 2.37 X’d
Both Pre year Bull highs happened in December. Both were 30% and 75% higher than their November 2016 and 2020 monthly highs.
It will be very interesting to see what Novembers actual high will be in 2024. I’m conservatively thinking approximately 85,000 in November and approximately 20% increase in December to a 102,000. Based on that estimate and a 2 to 2.5X would be about 204,000 to 255,000.. just a guesstimate as we could also see some additional catalysts with the general favorable acceptance from the new presidency. We may see countries scrambling to get in this space which would though all estimates out the window
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