Logarithmic Growth Curve Charts Bitcoin Price At $170K in 2028

Tony "The Bull" Severino

5 years ago

3 mins read

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Bitcoin price predictions are all over the map, with some expecting the price to reach zero, while others expect beyond a million dollars per BTC.

One cryptocurrency analyst has charted the asset using a logarithmic growth curve, that could provide accurate clues as to when Bitcoin price could reach prices of $100,000 or higher.

Bitcoin Price to $70K in 2024, $170K in 20208

Bitcoin is the first-ever cryptocurrency, and with it came the advent of blockchain technology. Both have the power to disrupt the financial space, and with such possible potential, the asset’s price has been predicted to reach a number of wild and lofty predictions, some of which reach as high as $1 million per BTC.

But predictions are often just guesses or hopes and aren’t backed up by technical analysis or price charts that demonstrate how the asset may reach such incredible heights.

However, one crypto analyst using a long-term logarithmic growth curve to chart Bitcoin price over the course of its history and into the future can clearly show the path of how Bitcoin could achieve such price predictions.

The price predictions certainly chart nicely… pic.twitter.com/5J5BBGnGF9

— dave the wave🌊🌓 (@davthewave) December 7, 2019

The answer lies within the logarithmic growth curve itself, which has acted as a support for Bitcoin price throughout its existence. Even Bitcoin’s tops appear to follow the same logarithmic growth curve, allowing technical analysts like the one featured above plot out where an asset may ultimately grow to in terms of price, and when such prices could be reached.

According to a pair of predictions put forth by the analyst, all based on following the potential of Bitcoin’s logarithmic growth curve, the leading crypto asset by market cap could reach the price of $70,000 per BTC in March 2024, or $170,000 per BTC come September 2028.

These expectations fall in line with the high prices most other crypto investors expect Bitcoin price to reach but achieves them at a much more reasonable rate. Given Bitcoin’s penchant for going parabolic, many expect the asset to reach such prices within the year or sooner.

Even Bitcoin’s highly-cited stock-to-flow model projects the crypto asset reaching prices of $55,000 per BTC come May 2020, when the cryptocurrency reaches its next halving, and the resulting BTC reward miners receive is cut by 50%, immediately throwing off the delicate balance of supply and demand.

Many analysts expect the shift in supply to cause the crypto asset to explode in value, as it has in the past.

But just because Bitcoin price can reach such numbers, the asset’s notorious volatility could take the price to any one of the many predictions, then correct back down to more reasonable prices, before the cycle starts once again.

However, the constraints of the logarithmic growth curve suggest that Bitcoin’s volatility is decreasing, and will decrease even further as time goes on and the asset reaches its full valuations and potential, well over $100,000 per BTC towards the end of the new decade.

Tony "The Bull" Severino

Tony "The Bull" Severino, CMT, is a distinguished figure in the cryptocurrency analysis sector, renowned for his in-depth technical expertise and innovative approach to market trends. As the Head of Research at NewsBTC, Tony leads a team dedicated to providing cutting-edge insights and forecasts, helping both novice and experienced traders navigate the complexities of the crypto market.
A seasoned Chartered Market Technician, Tony's prowess in identifying and capitalizing on market patterns is unmatched. His academic and professional journey in market analysis has firmly established him as a leading authority in technical trading strategies. Tony’s approach is heavily influenced by the principles of Elliott Wave Theory, a method known for its rigorous assessment of investor psychology and price movements.

Beyond his role at NewsBTC, Tony is the visionary founder of CoinChartist.io, an educational platform aimed at demystifying the nuances of cryptocurrency trading. CoinChartist.io serves as a valuable resource for traders seeking to enhance their technical analysis skills. The platform offers a range of learning tools and resources designed to empower traders with the knowledge to make informed trading decisions.

In addition to his educational initiatives, Tony is a prolific author and a dominant voice in the crypto community. He writes the CoinChartist VIP newsletter, a weekly dispatch that has become a staple among crypto enthusiasts, revered for its insightful analysis and actionable trading advice. This newsletter has consistently ranked as a best-seller on SubStack, boasting thousands of subscribers who rely on Tony’s expertise to guide their trading strategies.

Tony is also celebrated for his literary contributions to the field. He is the author of the highest-rated Crypto Trading Journal on Amazon.com, a testament to his ability to communicate complex trading concepts in an accessible manner. This journal is widely regarded as an essential tool for traders aiming to track their progress and refine their strategies.

Before his ascent in the financial analysis world, Tony honed his skills in journalism. His background in this field has endowed him with a unique ability to present intricate market dynamics in a clear and compelling manner, making his insights highly sought after by a broad audience that ranges from casual readers to professional traders.
His professional affiliations underscore his commitment to excellence and continuous learning. As a partner of Elliott Wave International and TradingView, Tony collaborates with other leading experts to enhance his knowledge and skills. His active membership in the CMT Association further aligns him with the highest standards of industry practices and ethics.

Tony’s nickname, "The Bull," aptly reflects his aggressive and optimistic outlook on the cryptocurrency markets. His forecasts often anticipate significant upturns, earning him a reputation for bullish predictions that have frequently led to lucrative outcomes for those who follow his advice.

In summary, Tony "The Bull" Severino, CMT, is more than just a technical analyst; he is a mentor, educator, and innovator whose influence in the cryptocurrency space continues to grow. His dedication to advancing the understanding of market forces and his commitment to providing high-quality, reliable analysis make him a pivotal figure in the world of cryptocurrency trading.