Bitcoin Price Prediction : Can Go down to 2000 by Dec'19 before moving upto 200000 by Dec'23 by prameshtyagi

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bitcoin · @prameshtyagi · (edited)
$83.79
Bitcoin Price Prediction : Can Go down to 2000 by Dec'19 before moving upto 200000 by Dec'23
![](https://cdn.steemitimages.com/DQmP32ATbAjQgL45J2DVFTmqoDWELsxJEz56wPHJk9hU7Tx/image.png)

I read several articles suggesting that Bitcoin price are following logarithm trends. Inspired by those articles I decided to look at bitcoin price chart at [bitinfocharts](https://bitinfocharts.com/comparison/bitcoin-price.html#log&search=st).

I saw some interesting patterns and decided to share my observations with the community for their expert comments.

From the chart my observations from past trend are as follows:
1. Downtrend magnitude can be 5-10 times
2. Uptrend magnitude can be 100-500 times
3. Downtrend period tends to double from one cycle to another i.e first time 6 months and second time 12 months
4. Upward period tends to increase by 12 months from one cycle to another i.e first time 24 months and second time 36 months

Based on above observations following can be predicted:
1. The ongoing downtrend can continue till Dec'19 and drop till 2000. 
2. Six months later (sometime in June'20) block reward will be halved which will reduce BTC supply. Therefore, traders/investors will start building their positions from Dec'19 onwards to benefit from potential price appreciation due to reduced supply
3. So Dec'19 onward -the uptrend is exp

Keep steeming.
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@wstanley226 · 
Great article.  I can is STEEM going to 0.05 usd and eventually swinging to 10 usd.
👍  ,
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@prameshtyagi · 
very likely. And if our investment is already down to dirt then no point taking it out but to play the game.
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@wstanley226 · 
Agreed.
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@emperorofnaps ·
re-prameshtyagi-bitcoin-price-prediction-can-go-down-to-2000-by-june-19-before-moving-upto-200000-by-jun-23-20181204t135157652z
You got a 48.44% upvote from @emperorofnaps courtesy of @prameshtyagi!

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@redlambo ·
re-prameshtyagi-bitcoin-price-prediction-can-go-down-to-2000-by-june-19-before-moving-upto-200000-by-jun-23-20181204t140014658z
You got a 34.67% upvote from @redlambo courtesy of @prameshtyagi! Make sure to use tag #redlambo to be considered for the curation post!
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@edensgarden ·
re-prameshtyagi-bitcoin-price-prediction-can-go-down-to-2000-by-june-19-before-moving-upto-200000-by-jun-23-20181204t140108516z
Great post!
Thanks for tasting the eden!
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@ajaykumar4 · 
Great prediction and we hope so
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@prameshtyagi · 
Let’s see. Seems logical
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@spydo ·
re-prameshtyagi-bitcoin-price-prediction-can-go-down-to-2000-by-june-19-before-moving-upto-200000-by-jun-23-20181204t140837613z
Congratulations, your post received 36.77% up vote form @spydo courtesy of @prameshtyagi! I hope, my gratitude will help you getting more visibility.
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@tts · 
To listen to the audio version of this article click on the play image.
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@lovejuice ·
re-prameshtyagi-bitcoin-price-prediction-can-go-down-to-2000-by-june-19-before-moving-upto-200000-by-jun-23-20181204t142549795z
This post has received a 50.87% upvote from @lovejuice thanks to @prameshtyagi. They love you, so does Aggroed. Please be sure to vote for Witnesses at https://steemit.com/~witnesses.
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@upmewhale ·
re-prameshtyagi-bitcoin-price-prediction-can-go-down-to-2000-by-june-19-before-moving-upto-200000-by-jun-23-20181204t143506395z
You got a 36.94% upvote from @upmewhale courtesy of @prameshtyagi!

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@siditech ·
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This post has received a $35.06 % upvote from @siditech thanks to: @prameshtyagi.
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@lost-ninja ·
re-prameshtyagi-bitcoin-price-prediction-can-go-down-to-2000-by-june-19-before-moving-upto-200000-by-jun-23-20181204t151222885z
You have been defended with a 32.13% upvote!
I was summoned by @prameshtyagi.
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@boomerang · 
This post has received a 34.2 % upvote from @boomerang.
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@barberocaico ·
$0.08
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@johano · 
Looks like wishful thinking!
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@prameshtyagi · 
Yes at times we are biased while interpreting data. So could be.
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@joeparys ·
re-prameshtyagi-bitcoin-price-prediction-can-go-down-to-2000-by-june-19-before-moving-upto-200000-by-jun-23-20181204t155845919z
You got a 40.00% upvote from @joeparys! Thank you for your support of our services. To continue your support, please follow and delegate Steem power to @joeparys for daily steem and steem dollar payouts!
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@onlyprofit · 
lets see.....butanyways thanks nice article.....
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@prameshtyagi · 
thank you. much appreciated.
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@onlyprofitbot ·
re-prameshtyagi-bitcoin-price-prediction-can-go-down-to-2000-by-june-19-before-moving-upto-200000-by-jun-23-20181204t163621836z
<div class="pull-right"><img src="https://image.ibb.co/byjPSH/comment2.jpg"/></div>
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@oceanwhale ·
re-prameshtyagi-bitcoin-price-prediction-can-go-down-to-2000-by-june-19-before-moving-upto-200000-by-jun-23-20181204t170154961z
You got a 34.36% upvote from @oceanwhale courtesy of @prameshtyagi! Earn 100% earning payout by delegating SP to <a href="/@oceanwhale">@oceanwhale</a>. Visit <a title="This link will take you away from steemit.com" href="http://www.oceanwhalebot.com" rel="noopener">www.OceanWhaleBot.com</a> for details!
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@omrfrq18 · 
Maybe to go down almost 3200. Hope within a short time increase Bitcoin price. Thanks for this good article.
👍  ,
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@prameshtyagi · 
anything is possible in financial world but chart readings are done to make some guestimates.
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@whalecreator ·
re-prameshtyagi-bitcoin-price-prediction-can-go-down-to-2000-by-june-19-before-moving-upto-200000-by-jun-23-20181204t173401733z
You got a 47.78% upvote from @whalecreator courtesy of @prameshtyagi! Delegate your Steem Power to earn 100% payouts.
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@aysha-1 · 
nice post
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@digitalworldyou · 
Haha 200 000 that would awesome. 2000 I hope not 3000 ok for me.

Posted using [Partiko Android](https://steemit.com/@partiko-android)
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@prameshtyagi · 
For 200K time frame is also pretty long i.e by end of 2023. Anyway this is how chart suggests.
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@arcange · 
Congratulations @prameshtyagi!
Your post was mentioned in the [Steem Hit Parade](https://steemit.com/hit-parade/@arcange/daily-hit-parade-20181204) in the following category:

* Pending payout - Ranked 10 with $ 83,99
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