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Bitcoin remains the dominant cryptocurrency with a market cap of $514 billion, reflecting 44.32% of the total crypto market cap.
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Ethereum claims 18.75%, while Stablecoins share 7.17% of the entire crypto market cap.
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TechDev used this constant to match the pointy tops on the Bitcoin chart and combine both indicators to find an intersection. The analyst deduced the next target with the indicators’ point of intersection, which is December 2023, with the price of Bitcoin between $160,000 and $180,000, as mentioned earlier.
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TechDev’s analysis shows that Bitcoin’s price has developed in cycles and has respected this price development pattern for the last three cycles. Using a chart that plotted the Bitcoin log price against the adjusted log time, TechDev shows the interval between cycles is 10.2 log periods.
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The Bitcoin Conference 2023 took place from May 18-20 in Miami.
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Saylor spoke about the growth of interest in Bitcoin and Lightning apps.
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