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Technical Analysis Suggests $250k Bitcoin Is Possible Later This Year

1 min read
Long Term Bitcoin Channel Chart

With the price of Bitcoin making a new all time high virtually every day, making a price prediction for the OG of cryptocurrency is becoming a favorite pastime for crypto traders.

In addition to the one above, we’ve published a few that are in alignment with our own view. See, for instance, here and here.

We are strong proponents of the 4 year cycle in cryptocurrency prices. Using elemental technical analysis, the chart above provides a very clear illustration of the 4 year cycle in action, and suggests that the price of Bitcoin could climb to $250,000 before this year is over.

It’s difficult to argue the logic.

The crypto bull run of 2021 is just getting started.