Predicting the price of bitcoin has become a favorite pastime for cryptocurrency amateurs and professionals, so we present a graphical analysis of the past 5 years and see some correlation. Although they are two different things, being technological markets we find patterns in the data and they are 3 main:
- The two main peaks of the last 5 years (2017 and 209) of bitcoin are related to an upward trend in the price of NASDAQ.
- The two main falls in the markets (2018 and 2020) NASDAQ and bitcoin are synchronized in time and percentage.
- When there is a drop in one year, the next there is a rise, and in the case of bitcoin, it is a peak.
Next year 2021 a recovery in the prices of the markets is expected and therefore a peak in the price of Bitcoin, this coupled with this year’s Halving we can think that a maximum price of 100k can be reached but it is exactly an unknown.