the winklevoss twins have doubled down on their 500 000 bitcoin prediction banking giant city has said they believe btc is heading toward 318 000 by the end of this year jp morgan says 650k is possible the stock to flow chart for bitcoin shows a 290 000 bitcoin there are a ton of predictions out there and it's hard to make sense of these numbers hard to know who's talking about the price a year from now and who's talking about a price 10 years from now but one thing is almost guaranteed we are very far away from the peak of this bull run in today's video i'm gonna give you my new bitcoin prediction official new bitcoin prediction and why i've had to upgrade this rally from bullish to ultra bullish let's get it bid swap is the hottest new way to trade tokens probably all the top decentralized exchanges biswap gets you the very best price and value for your trades bitswap is changing the game try it now at bitswapdex.io welcome to bitboy crypto my name is ben everyday on this channel i show you how to make money in cryptocurrency if you like money in crypto make sure to hit that subscribe button if you love bitcoin then make sure to follow us on all our social media accounts including twitter find me there on twitter at bitboy underscore crypto and i've been known to make some bitcoin maximalist friendly tweets there so you guys are definitely going to want to see those we're trying to reach 50 000 followers on twitter so if you could help me out head on over there and click the follow button now in this video i'm going to be giving you guys an amended official bitcoin prediction for this channel for this bull run and at the end of this video i will tell you exactly where i believe bitcoin is going to settle so make sure to watch this video all the way until the end and go ahead and lightly press the like button it's now obvious to me that my 225 000 prediction for bitcoin simply is not high enough i want you guys to think about where i was when i made that prediction and by where i was i just mean the general headspace this was in early 2020 when we were not even sure a bull run was coming started seeming like there was a chance we were all wrong i spent december 2019 and january of 2020 contemplating whether or not i actually had made the right career move maybe it was time to start filling out mcdonald's applications i worked there when i was 15.
Maybe they would have me back banging my entire future on crypto seemed to have backfired pun intended but deep in my heart i knew what i believed about crypto i knew what i believed about bitcoin and you may not like me but even my haters would probably agree i always keep it 100. i can't do something i don't believe in likewise i couldn't give up on something that i did believe in so like most people do when they started having doubts about things i started questioning i went to the charts in the history of bitcoin and i dug deep deeper than other youtubers had gone before i studied the bitcoin cycles more than anyone else out there i sunk deep into the lab didn't eat didn't sleep didn't give up until i had empirically arrived at what i believed oh okay so the didn't eat part was alive but the rest was true when i emerged from that period i started making calls and predictions based upon what i had found and what i had learned and guess what i've been right all along up to this point over the last year if you've been here for more than a couple days you know that so while i nailed the price all year long what has occurred to make me believe i need to officially change my bitcoin prediction well here is what has surprised me the movement we've gotten after bitcoin established a new all-time high is way more bullish than anything we experienced in 2017.
On this run we have seen an explosive 75 move from bitcoin in 17 days after establishing a new all-time high now let's compare that to what happened during the 2017 bull run after bitcoin hit new all-time highs in 2017 there were basically two times when bitcoin's price hit a new all-time high there was the first time in january but it was immediately rejected it was only able to climb a measly 1.7 percent before getting rejected this was eerily similar to early december last year when we glanced off of all-time heights briefly on a few futures exchanges we basically got rejected before we even hit it the rejection was baked in if you will so let's move forward to the time when bitcoin was actually able to establish a new all-time high in 2017 for a sustainable period the next time bitcoin established and held an all-time high was march of 2017.
Even if you measure the wicks at the peak it grew 18 remember this time 75 in 17 days against roughly the same number of days in 2017 bitcoin only went up 18 and even then as you can see here the bitcoin price still actually dropped below its 2013 high again it would take bitcoin five months after touching its all-time high the first time to have a move where it increased 70 percent like what we just saw we're only a few weeks into this one this is so bullish that 2017 is starting to look increasingly irrelevant for bitcoin maybe the 2013 bull run would be a better indicator but before we look at that if big bitcoin moves or something you think is coming and you are a trader then you should consider trading it by bit you can make massive gains there because it's the premier leveraged trading crypto site in the world get a deposit bonus by visiting the rewards hub after you sign up by visiting buybit.bitboy.live please be responsible with your trading but let's move back to the charts here and listen i know this is hard to tell because the numbers were so crazy back then but i've circled the two times during the december 2012 to 2013 bull run where bitcoin established new highs that first tiny little circle is actually a move where bitcoin rose about five percent above its all-time high on a wick and then got rejected just like we saw with both the 2017 bull run and the current one but it seems like the 2013 bull runs action over the next all-time high establishment is much more similar to the current one there was no struggling once it jetted past it on the second attempt it never looked back that's what we're seeing now and what happened in 2013 only an eighteen hundred percent move over the next three months that would put bitcoin at about 360 k now obviously the caps were smaller than and easier to move but if we were to have only measured the bodies of the candles instead of the wicks it was still a 10x putting bitcoin at 200k but what you have to realize is that this was only part one of the bitcoin bull run in 2013 and that one 10x part 1.
Now obviously we're not gonna be looking at a two million dollar bitcoin on this cycle this is where we start running into a problem where there isn't that much money in the world really at least money that could potentially move to bitcoin without breaking the stock market or the real estate market or some other markets if we were to only see 25 of the movement from 2013 that alone would be putting the price of bitcoin at 500 000 and while some people have pushed for bitcoin going above that number the math and the economics of that just don't make sense at this point the long and the short of it is that if we were to go above 500k it would just be a wick based on leverage there's no sustainable way in my opinion for bitcoin to hit and hold a price above 500k the winklevoss twins have doubled down on their 500k prediction when you really read the articles they believe this will happen sometime over the next decade not this cycle for many people out there predicting the price of bitcoin it's hard to know where exactly they're pinpointing their high calls we hear million dollar bitcoin but no one's talking about this year when they say that however the six figure numbers we commonly hear associated with this bull run 100k 250k 300k etc are supposed to hit this year i'm definitely in that crowd that believes that stock to flow model shows the price of 290k for bitcoin but here's the thing as you've seen the wicks on these all-time high runs are incredible and with any logarithmic scale such as the stock to flow chart the higher the numbers go it doesn't take moves of great significance to cause huge spikes on that chart and as you can see we are now rising above the estimated or suggested price point for where we are in time and this is the part where i give you my new 2021 bitcoin price prediction to me when i look across the board there are three specific numbers that stand out to me the first is the stock to flow model the prediction of 290 k the second is the city prediction of 318 thousand dollars that's traditional world they specifically pinpointed 2021 for their prediction it was a leaked document not even meant for the public these guys do a lot of research the third number i look at is 360k because that's 18x from bitcoin's all-time high the same height the last seemingly smaller bull run climbed to when we average all three of those predictions together we get 322 000 and that's my new prediction this is my new number almost 100 000 more than my previous one but let's face facts this is way more bullish of a cycle than we ever anticipated which is thanks so much now i'll be honest with you it's really hard for me not to go with a higher number my gut kind of tells me 425 k but it's hard to tell how much of that is the euphoria from all these recent pumps we could get a period of sideways action to stifle the bull run and while i do believe it was necessary to amend my prediction i also don't want to start throwing out numbers that are so high because people could still think buying it six figures is a great idea but here's the truth if you miss out on bitcoin before it hits six figures you should probably sit this one out but many people won't of course we know that and they will end up getting wrecked will end very badly for them but we will be smart enough to jump out before it crashes you guys drop your bitcoin predictions below and let me know what you think about my new prediction that's all i got be blessed bit boy out [Music] you