🔥 What Happens When Bitcoin Makes A New All-Time-High?

With Bitcoin on the verge of making a new all-time-high, I'd like to shed some light on Bitcoin's past performance after it prints a new all time high.

Below you can see all the previous all-time-high break outs of Bitcoin. It's difficult to determine the top from these charts alone, but we can see a clear pattern in time that it takes to see a +100% gain. On average, it takes 3.75 (4) weeks to see a doubling of the price after the all-time-high has been broken.

So, if we assume that the all-time-high will be broken this week, we can say that there's a decent chance for Bitcoin to go to $130k by the 21st of November.

Past Break Outs
In Feb-2013 Bitcoin saw a massive +600% move in a mere 6 weeks, +100% in 3 weeks, before seeing a strong bearish move.

After a minor period of consolidation in the markets, Bitcoin saw one more rise. A +370% move in 3 weeks, +100% in two.

After a 3-year bear market, Bitcoin finally broke out of the 2013 high in April 2017. After this break out, Bitcoin rose by almost +1500% in 35 weeks, +100% in 6 weeks.

Lastly, the December 2020 break out has led to a +225% move in 17 weeks, +100% in 4 weeks.