On social networks and thematic chats you can find many positive cryptocurrency forecasts, the authors of which prefer to turn a blind eye to many negative factors. Netizens joke that the excessive optimism of their colleagues may be caused by the desire to justify their investments in crypto in the eyes of loved ones. Therefore, an extremely positive Bitcoin forecast is often called a “mother-in-law presentation.” The editors of BeInCrypto collected five such posts in one review

Positive forecasts are often based on the theory of cyclical behavior of Bitcoin, built on the influence of halvings on the cryptocurrency. BTC movements are indeed largely cyclical. At the same time, market conditions cannot be the same from cycle to cycle. Despite this, many participants in the crypto community are confident: if Bitcoin repeats the patterns of past years, which led to active growth, then this time we should expect exactly the same positive dynamics. Such forecasts, as a rule, are accompanied by “mother-in-law-friendly” illustrations, such as this one:

Also, supporters of the BTC cyclical theory like to visualize the expected trajectory of the cryptocurrency using geometric shapes. This approach makes it possible to simplify the visual perception of the forecast. Here, for example, is one of these presentations, which foretells the growth of Bitcoin to $350,000:

However, there are much more positive forecasts. Here, for example, is a chart whose author, according to the signals he interpreted from the cyclical theory, expects Bitcoin to reach $500,000:

Don't like graphs with circles and triangles? No problem. The author of the following Bitcoin forecast used a crescent moon pattern to argue that the coin is heading straight towards $300,000:

Some members of the crypto community limit themselves to searching for evidence of the similarity of BTC behavior between cycles in order to display on the chart, in the forecast section, such a sweet phrase for all investors, “a new absolute maximum” (all-time high).

Let us recall that earlier the editors of BeInCrypto collected in one review the opinions of experts on what levels Bitcoin can grow to after the 2024 halving.