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hiAnalytically, indicators suggest long-term growth of Bitcoin
Several popular long-term price forcing models are much more bracing for bitcoin. According to the popular reserve-to-flow model, which marks expected price levels based on the number of bitcoins available on the market compared to those available mined each year, the correct ВTC price currently forms about $55,000 and could rise to over $500,000 in a future market cycle after halving. This is about 20 times the current price.
Meanwhile, according to BlockchainCentre.net's "ВTC Rainbow Chart," bitcoin is currently in the "Buy!" zone after recovering from the "Sell" zone in late 2022 to the "Buy" zone recently. This pattern results in a gradual resumption of the ВTC after significant oversold conditions. In the most recent bull market, the ВTC reached the "Sell!" zone.
"Seriously, sell!" The model suggests that if it can repeat this jump in a future bear market cycle within a year to a year and a half, bitcoin could rise to $2-3 million, which is about 8-13 times the current price.
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