‘Parabolically’*, Bitcoin can reach 333,000 USD

‘Parabolically’*, Bitcoin can reach 333,000 USD

Bitcoin (BTC) could peak at the enormous amount of 333,000 USD by May of 2022. This is if the federal Reserve of the United States shares a “perfect storm” of low rates, a new prediction discusses.

When updating a prediction of incredibly precise prices on December 27, Filbfilb, co-founder of the commercial platform Decentrader, released head-spinning conclusions, the same as with  BTC’s share price next year.

After updating almost word for word all through 2021, the pair BTC/USD can obtain great earnings in the next six months. This goes if the conditions continue to be the same.

The Fed is prepared to make two increases in interest rates next year. This is why it’s probable that the two keep their price, experts say; however, a surprise change in tactics could have long reaching consequences.

For Filbfilb, when analyzing the Fibonacci sequences together with the historic price action in previous halving cycles, Bitcoin could exceed 300,000 USD. This would be as a result of Fed agents cutting the increase in rates.

How Bitcoin can reach 333,000 USD

“To act parabolically, we would probably need a perfect storm in which the Fed cannot raise rates, and inflation would soar. That would cause BTC to flee to safety,” he said.

A graph published in December 2018 when BTC bottomed out at 3,100 USD shows how predictably he has carried out the price action since then. “The price is exactly where I predicted,” Filbfilb told his Twitter followers.

About the subject of macroeconomic movements, the future also seems promising for shares on averaging an American dollar cooling down. This, commentators argue, even if the rates increase as hoped.

The impact on Bitcoin in such a scenario would depend, therefore, on its correlation to the actions.

Independently, popular opinion continues to be convinced that the peak still hasn’t arrived yet for Bitcoin, after the turn at the beginning of December.

*Mathematical Theorem

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The views and opinions expressed are the views of Crypto Currency 10 and are subject to change based on market and other conditions. The information provided does not constitute investment advice and it should not be relied on as such. All material(s) have been obtained from sources believed to be reliable, but its accuracy is not guaranteed. There is no representation or warranty as to the current accuracy of, nor liability for, decisions based on such information.
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