In my opinion, in a not too distant future, Bitcoin will reach the price range of $ 167,000 to $ 225,000, and this guestimate is not out of reach when the valued banks are also talking about the $ 300,000 movement range. Due to this, new customers will be attracted to the market, which eventually increases the liquidity and demand for purchases, due to limited bitcoin, the price will increase.
The third price wave, which continued into the $ 19666 range, was like the gold diggers in old days, the only people who profited from the era, were those who sold the shovels, pickaxes, and drilling rigs to extract gold (a metaphor for people who were and are selling mining equipment.)
But now the reward of beliefs comes through patience.
Now is the time for people who believe in cryptocurrencies to get their rewards. I remember two or three years ago a subject was opened in a forum (when Bitcoin was $ 6,000) and someone claimed to be back from the future and the economy will be collapsed. He was telling bitcoin won’t have any value! people who have only 0.01 of this currency flee to places where life is too quiet. Many people made fun of this person, but now when I’m looking at this market, I give him some rights. For example, there are big contracts that Ripple has signed, and Ripple Net intends to be used in BOA - Bank of America and it has been finalized!
All this indicates that it is possible that we can no longer call the Blockchain an infant, and from now on we must consider a child who shows new capabilities.
Maybe this are future forecasts and one day will come true:
I think we are coming to a time when all the borders of countries are disappearing and the holders of the famous digital currencies are creating new countries. Like different communities, they use ASICs to protect their castles. It's a scary story and I hope we never see it. But give only one percent chance to this scenario to turn the reality. Where do you want to be stand?
It might not be a bad idea to take a risk to enter an unknown market of cryptos.
Chart Description:
In weekly chart, our target range is $ 167,000 to $ 225,000.
In the daily chart, we are completing the 3rd wave that this uptrend can continue to the target of $ 21,500 and then in continuation, we will enter the corrective phase, which is likely to be a very short corrective movement. The range of $ 13,880 is very important and the price should not exceed this range in this corrective movement.
According to the Elliott wave rules, wave 3 should be the longest wave, but we should also consider this fact which in many stock markets, metals, and digital currencies, wave 5 has always been the longest wave, so we can hope 5th wave becomes the Extended wave, in which we will reach the goal of $ 167,000.
The third price wave, which continued into the $ 19666 range, was like the gold diggers in old days, the only people who profited from the era, were those who sold the shovels, pickaxes, and drilling rigs to extract gold (a metaphor for people who were and are selling mining equipment.)
But now the reward of beliefs comes through patience.
Now is the time for people who believe in cryptocurrencies to get their rewards. I remember two or three years ago a subject was opened in a forum (when Bitcoin was $ 6,000) and someone claimed to be back from the future and the economy will be collapsed. He was telling bitcoin won’t have any value! people who have only 0.01 of this currency flee to places where life is too quiet. Many people made fun of this person, but now when I’m looking at this market, I give him some rights. For example, there are big contracts that Ripple has signed, and Ripple Net intends to be used in BOA - Bank of America and it has been finalized!
All this indicates that it is possible that we can no longer call the Blockchain an infant, and from now on we must consider a child who shows new capabilities.
Maybe this are future forecasts and one day will come true:
I think we are coming to a time when all the borders of countries are disappearing and the holders of the famous digital currencies are creating new countries. Like different communities, they use ASICs to protect their castles. It's a scary story and I hope we never see it. But give only one percent chance to this scenario to turn the reality. Where do you want to be stand?
It might not be a bad idea to take a risk to enter an unknown market of cryptos.
Chart Description:
In weekly chart, our target range is $ 167,000 to $ 225,000.
In the daily chart, we are completing the 3rd wave that this uptrend can continue to the target of $ 21,500 and then in continuation, we will enter the corrective phase, which is likely to be a very short corrective movement. The range of $ 13,880 is very important and the price should not exceed this range in this corrective movement.
According to the Elliott wave rules, wave 3 should be the longest wave, but we should also consider this fact which in many stock markets, metals, and digital currencies, wave 5 has always been the longest wave, so we can hope 5th wave becomes the Extended wave, in which we will reach the goal of $ 167,000.