According to this parabolic trend, Bitcoin (BTC) can be $ 50,000

Cane Island Crypto, a popular method of measuring the value of crypto coins by creating Network Value (NVT) in transactions, explored the parabolic trend in Bitcoin and found a potential value of $ 50,000 for 2022.

Bitcoin can see levels of $ 52,321 in 2022

The table analyzes BTC's price since July 16th, 2010 when trading below $ 1. According to the table, a Texan analyst previously estimated that by the end of 2019 the price of Bitcoin would be $ 7,873 and by the end of the year it would be $ 15,426. The analyst's price for BTC at the end of 2021 is $ 28,627, and for a year later it is $ 52,321 for 2022.

Cane Island Crypto, BTC ' is not alone in those who think it has been in the bull season for more than a year. Magic Poop Cannon, who believes in the bulls in BTC, believes that despite last year's decline, Bitcoin continues to be a net cyclical growth trend. In 2019, Magic claims that BTC will cost between $ 3,000 and $ 5,000. BTC could see $ 150,000 until August 2023.

But things are not as positive as Cannon thinks. For example, Leah Wald says that BTC is unlikely to see less than $ 2,000, but BTC can see $ 1,500 before going to $ 6,500.


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