Too Long; Didn't Read
At the rate of a 0.9 drop in log returns each cycle, log returns could = 2.3 at least by the end of this cycle which is about a 10x gain from the start of this year and an implied Bitcoin price of about $300k by the end of 2024. If this cycle continues to run before seasonality, it could possibly reach bottoms shortly before the end of 2022.