what's going on everyone welcome to the Rabid Mining YouTube channel i know the big question
on everybody's mind now is what will the bottom be for bitcoin and when will we finally get there
have we seen it already probably not so we're going to do a bitcoin price analysis here
and i just want to give you my take on where i think the bottom bottom's going to be and at
what type of time frame we will hit that you are going to want to watch this whole video because
besides just figuring out the prices if you're new to crypto or you've been around for a while
this may help you realize on how these cycles work and everything does look like it is pretty common
all the way from 2013 up to 2022 so step number one is ignore everything that is going on in
the world recession talks this talk that talk stock markets talk whatever this is happening
here that's happening there ignore it all right now get mainstream media and everything out of
your head we're here to talk about crypto so we've always been told since we are small kids in school
learn from history history repeats itself learn from that and that way we don't make the same
mistakes moving into the future so that's what we're looking at here i am a horrible day trader
if you want to day trade this is not the channel for you because i lose every time but when we look
at history and stats they line up and they're pretty much identical all the way to 2013
until now so we have a safe prediction on when to tell when the bottom's gonna come and what
that bottom may be let's get into this finally so here's our chart we got our 2017 run up here we
got our 2021 which is our latest bull run and the current market we're currently sitting in and over
the past couple hours we have been seeing some nice green moving forward now i do not expect this
to last in any way shape or form so to realize what's actually going on here and to get some
price predictions we do have to go before 2017 and that's all the way back to this little bloop right
here which you can barely even tell anything and this is 2013 and this is where all the fun really
begins because bitcoin first started gaining a little bit of adoption as we zoom into this you
can see the spikes are a lot bigger now so when we were zoomed out earlier it doesn't look like
much happened in 2013 but here you can see we went from like 137 all the way up to over a thousand
dollars we're at 11.51 that is a massive gain in terms of a quick little bull run now fast forward
to where this collapsed is here's the all-time high and this is where we're going to predict the
when the bottom in the current market is actually going to come into play so 2013 december of 2013
is the all-time high and then if we drop to the actual low we do see that it hits sometime around
january of 2015. so that is one year and one month away from the all-time high that we did hit the
all-time low and then we started trading sideways for a while we're gonna fast forward into 2017 now
so here we are 2017 come out a little bit till we can see the little low here
right about in this area so now we're at 2017 and the peak happened and again december of
2017. we're gonna go to the low and it happened in december of 2018. so from the peak of the all-time
high again we are seeing one year apart from the all-time high to the all-time low fast forward to
our current bull market now we're coming in we're moving into that crypto winter into the bears
and now we're looking at our all-time high here of 2021. this happened in november of 2021
so now we got to go about a year so i do think the bottom will come out around anywhere between
we got to give a little bit of leeway here because it's always different in the market and the cycles
are getting longer each time but i'm going to go anywhere between potentially november to january
of late this year 2022 to january of 2023 is when we will see the bottom of our current market now
that we kind of have a rough idea of when we may see the bottom of the current bear market
what is that price gonna look like and again we're gonna revert back to 2013 and kind of
have a look what went on there so in 2013 we did peak out at an all-time high of 1151
and the low dropped bottom at about a hundred and seventy eight dollars if you do the math
between the all-time high and the all-time low bitcoin lost 85 of its value it held 15 so it lost
978 dollars here 85 of its value was dropped let's fast forward to 2017.
now checking out 2017 at the all-time high it hit about 19 497 dollars some definitely
some nice gains over the 2013 run and again one year later it did drop to the bottom of 3236 this
is an 83 percent drop which is sixteen thousand one hundred and eighty two dollars worth of value
that bitcoin lost from the all-time high down to the all-time low it only held 17 of its value
remember 2013 lost 85 percent 2017 lost 83 percent now we're gonna fast forward to 2021 and we can
guess a safe number of around 80 to 85 percent of a current value to find that low now let's look
at our current all-time high that we just went through bitcoin moved up to 67 566 dollars so
we could lose potentially 80 to 85 percent of the value we lose eighty percent that is fifty four
thousand fifty two dollars that bitcoin value will lose and if we lose eighty five percent
that's fifty seven thousand four hundred and thirty one dollars that we could lose so
for the bottom here i am predicting based on those two numbers of only holding 15 to 20 of
its current value at the all-time high we could see a bottom price range of 10 134 upwards to 13
hundred and thirteen now you could plus minus this you know maybe two or three thousand i don't know
for sure how it's going to play out but these are some rough numbers based on history that could be
fairly accurate on what we can expect in terms of timelines of when the low could happen so sometime
at the very end of this year november to january of 2024 and our lows could sit somewhere between
the 10 100 mark upwards to the 13 500 mark and then again if we do hit close to that 10 000
we may see a bottom potentially even go down to 9 000. so this is what i think we are going
to be expecting sometime throughout the year then after this happens we're gonna have some sideways
training we're gonna have a lot of ups and downs in between everything but our future bull run will
most likely happen at the year 2025 when we do see our next all-time highs again and the next
ones are going gonna be absolutely huge now how big will the next bull run be that's a little
tougher to decide i don't know at this current point in time but i could probably guess around
150 to 200 000 bitcoin but you can see 2013 you can barely tell 2017 was nice and happy times for
us and obviously the latest 2021 was amazing but look at this spike on the prices the next bull run
is gonna be way up in this type of area here which could be in that 150 to 200 000 mark so
hopefully this brings a little bit of insight into all you guys that are wondering you know
when could the bottom hit what could the price potentially be i'm not saying this is 100
accurate this is not financial advice in any way shape or form always do your own research and make
your own decisions but this is just how i kind of see it playing out based on everything that has
happened in the past now if you want me to look into ethereum and some other coins let me know
in the comments below and i'll try to work up the same type of ordealio here
in the meantime thank you for watching i will see you on the next one Rabid Out!!!
you