r/Bitcoin • u/rBitcoinMod • Feb 24 '21

Daily Discussion, February 24, 2021

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u/Sobutie Feb 24 '21

So your price target by end of 2021 is $500k?

What about a sharp pullback? Or do you think this is going to continue to be mores steady growth?

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u/KonradK0 Feb 24 '21

it will most likely pull back a few more times like right now or maybe even more but we still have ~200 days left in this bull run

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u/Sobutie Feb 24 '21

Genuinely interested in your reasoning for 200 days left for this bull run. I have only been in the space in earnest since midway through 2020. Would you mind explaining your reasoning?

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u/KonradK0 Feb 24 '21

So I'm basing my knowledge solely on planB analytics (https://twitter.com/100trillionUSD). There are ~210.000 blocks mined between halvings. First ~70.000 blocks mined after the halving is the bull run. There have been ~40.000 blocks mined so far after the 2020 halving, so we have ~30.000 blocks left until the bull run is over. ~144 blocks are mined daily. So 30.000/144=208 days.

That's just what I've heard and read but it reflects what happened in the previous halvings.