August Bitcoin Close Opens Door to High Future BTC Returns

Bitcoin closed at $20,059 in August 2022.
From the performance of BTC price since 2010, many do not expect an ATH in 2022.
Instead, the charts point at new Bitcoin price surges for the next three years.

The crypto Twitter space was in a heated discussion over the future price of Bitcoin. One tweet highlights the fact that Bitcoin closed at $20,059 in the month of August, 2022. This tweet was accompanied by a Bitcoin Stock-to-Flow model chart.

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As we can see from the tweet above, the discussion sparked from a renowned Bitcoin and crypto trader and investor. The tweet maps the Bitcoin Stock-to-Flow chart and suggests a high surge for the price of Bitcoin over the coming years.

In response to the tweet, one in particular, supports the tweet with a chart of their own. In detail, this chart showcases the price of Bitcoin (BTC) since 2010. It showed how Bitcoin performed every year since then.

If the pattern is to be followed, as shown by this Bitcoin Returns record, then it is likely that the price of Bitcoin will not reach an all-time high in 2022. However, it does indicate that the price of Bitcoin (BTC) will hit incredible new highs over the next three years instead.

Therefore, other responses to the tweet conclude that 2022 is a great year to buy and accumulate the pioneer cryptocurrency. After all, if the historic data continues to repeat itself, then it may be inevitable that the Bitcoin (BTC) price will surge over the next three years.

Also supporting this Bitcoin price prediction for the coming years is another similar discussion that took place on Reddit. Specifically, this thread is also speaking of yearly Bitcoin candles. In fact, it goes on to map out yearly highs when Bitcoin closes every year.

Much like the response to the initial tweet, this discussion on the Reddit CryptoCurrency thread also comes to the same conclusion. That is, Bitcoin will close at a red signal in 2022 but will go on to close in green for the next three consecutive years.

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Lauren Cole

A focused and vigilant storyteller for all things blockchain and cryptocurrency. Besides consuming every piece of literature about the metaverse, she can often be found at industry convections looking for the latest scoop.