TIMELINE FOR PARABOLIC BTC GROWTH
The next phase of parabolic growth will be of particular interest to market participants given the forecasts by some analysts of the possibility of a new all-time high (ATH).
Bitcoin’s current ATH stands at $19,700 set in mid-December 2017. Veteran trader and analyst, Peter Brandt who called the 80 percent drop of 2018 thinks BTC looks set to enter another “parabolic” growth phase.
For bitcoin investor Trace Mayer, 2021 could see Bitcoin go as high as $100,000 to $250,000. Many analysts say the upcoming 2020 halving will also create an additional tailwind for a more bullish upward lift based on historical precedents.