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    [Daily Discussion] Sunday, March 08, 2020 Bitcoin Markets

    March 08, 2020

    [Daily Discussion] Sunday, March 08, 2020 Bitcoin Markets

    [Daily Discussion] Sunday, March 08, 2020

    Posted: 07 Mar 2020 08:05 PM PST

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    submitted by /u/AutoModerator
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    [Altcoin Discussion] Sunday, March 08, 2020

    Posted: 07 Mar 2020 08:05 PM PST

    Thread topics include, but are not limited to:

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    • General questions about altcoins

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    The 57.13% Bitcoin Theory - Thriller Crypto Analysis

    Posted: 07 Mar 2020 05:44 PM PST

    This is a running theory I have been working on for the past couple weeks. Was not sure to share it here as was very afraid how it would be perceived...but I think this could help a lot of people get out at the top. Shout out to TradingShot for getting my mind thinking this way.

    Look at the numbers using the 57.13% Bitcoin Theory…

    1. Bitcoin always peaks at 57.13% higher than its last high in the same bull run give or take (+/- 5%).
    2. Looking just at the current first half of this bull run, the first peak was $5,642; increase that by 57.13% and you get $8,865 (actual was $9,008), increase that by 57.13% and you get $13,930 (actual was $13,796), increase that by 57.13% and you get $21,888.
    3. You can also confirm this theory from the last bull run. The first peak was at $314. If you apply 57.13% increase progressively, you get:
    • Projected Price using 57.13% Theory: $495 - $778 - $1,223 - $1,922 - $3,020 - $4,746 - $7,458 - $11,719 - $18,414.
    • Actual Price Was: $495 - $778 - $1,191 - $1,873 - $3,000 - $4,974 - $7,776 - $11,517 - $18,353.

    The last bull run one was an anomaly at $20,089. Thinking this was just a pop off the top because of rush of the retail market buying in after $18,353.

    Applying the 57.13% Bitcoin Theory to the rest of this run are as follows give or take (+/- 5%):

    Projected: $21,888 - $34,393 - $54,042 - $84,916 - $133,429 $209,657 - $329,434.

    But of course we may not make it through all those stages because buying will exhaust at some point (very important to keep that in mind.)

    Using the 57.13% Bitcoin Theory my safest guess would be the following give or take (+/- 5%) Please keep in mind dates could be wrong:

    $21,888 by December 2020

    $34,393 by February 2021

    $54,042 by May 2021

    $84,916 by August 2021

    $133,429 by October - December 2021.

    This will go right inline with my previous research that Bitcoin will be jumping & dropping 10K levels after the halving this year. Will see this occur in 2021.

    I have a part-time subscription podcast that goes deeper into the current bull run, it's free if you want to subscribe. thrillercrypto.substack.com I do this part time outside of my full time job...just find bitcoin so fascinating.

    submitted by /u/ThrillerPodcast
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