Colin on Nostr: Peter Brandt makes a good point: For BTC to reach $1M+ (which I firmly believe it ...
Peter Brandt makes a good point:
For BTC to reach $1M+ (which I firmly believe it will achieve), Bitcoin will HAVE to break to the upside of the parabolic channel (see image).
This would be REQUIRED to reach $1M+, as the curve of the parabola isn't steep enough to reach $1M by staying within the channel.
Such a breakout would be MAJOR, with a very high target.
I think it will happen. Not this cycle though. Probably the next cycle. My guess is by 2030-2032 we see a $1M+ BTC.
Published at
2025-02-17 12:26:49Event JSON
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"content": "Peter Brandt makes a good point:\n\nFor BTC to reach $1M+ (which I firmly believe it will achieve), Bitcoin will HAVE to break to the upside of the parabolic channel (see image).\n\nThis would be REQUIRED to reach $1M+, as the curve of the parabola isn't steep enough to reach $1M by staying within the channel.\n\nSuch a breakout would be MAJOR, with a very high target.\n\nI think it will happen. Not this cycle though. Probably the next cycle. My guess is by 2030-2032 we see a $1M+ BTC. https://image.nostr.build/752eb9a7ef70dab36c9adae4669cf87f4dad99343076487cc66de15b38d2068a.jpg ",
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