The HODL Price Model, BTC Spirals, and The Bitcoin Startup SUPER BULLISH for BTC in Next 18 Months!
Peter Saddington examines Bitcoin's potential trajectory using the work of "rational root," particularly focusing on visualizers that analyze Bitcoin's growth and market dynamics. One key aspect is the Bitcoin spiral based on time, which divides Bitcoin's history into four-year cycles. By studying historical patterns of Bitcoin after previous all-time lows, Saddington projects Bitcoin potentially reaching $100,000 in 2023, followed by further growth after the "halving" event in 2024. He also discusses the Bitcoin spiral based on market capitalization of silver, gold, and real estate. He notes that Bitcoin has already matched the market cap of silver. Saddington anticipates Bitcoin surpassing silver’s market capitalization in 2023 or 2024, suggesting a "super bullish" outlook given silver's stagnant performance. He also highlights the HODL model, showing the decreasing circulating supply versus the increasing number of long-term holders, further supporting upward price pressure.