I have done a study of the supply and demand for bitcoin over the next 12 months.

The conclusion is that the demand will be more than last year, and the supply will be lower than last year.

The price of bitcoin will have to be much higher so that each buyer buys less coins. Otherwise, there simply won't be enough coins to share around.

There are several price scenarios, one of which is that the bitcoin price could reach. The most outrageous scenario I see - but still with about 30% probability, is that the price this time next year could be $98'630.94.

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In the short run, I agree that it looks like there is some resistance around current levels ($4850 to $5000), which will need to be broken before we shoot to $6'000.