Crystal Ball Projection: BTC going to 5k in '17 then 40k in '18
We're approaching an historical convergence – between the active bull trendline and the current all-time-high. Price will either break through the bull trendline and initiate a bear trend, or it will bust through the yellow line to form a new all-time-high.
I've entertained the idea that Bitcoin might be over it's high-volatility days, and that may very well be the case. But the more you think about it, if you believe will grow to $100B+ market cap, there will have to be more hype cycles and volatility on the way. EVERYTHING CHANGES once we hit new highs.
I've entertained the idea that Bitcoin might be over it's high-volatility days, and that may very well be the case. But the more you think about it, if you believe will grow to $100B+ market cap, there will have to be more hype cycles and volatility on the way. EVERYTHING CHANGES once we hit new highs.
Comment:
Bitcoin breaks ATH. Signs are positive for ETF approval, which could fuel us to $5000.