Based on a chart made by Spacetrader:
I see Bitcoin going over 60k dollar. A exact price target is impossible to say. But calling Bitcoin in a bubble on current levels is nuts. There is no indication bitcoin will any time soon going down.
Bitcoin is still young and in a growing phase. In many countries bitcoin becomes legal. And many countries see the new technology. The mainstream see slowly something in bitcoin. But full adoption isn't yet here. I believe this will fully trigger when a crash in other sectors like the stock market is the case. Also the market cap of 62 billion at the moment looks to me really small compared to the technology behind Bitcoin. Or compared to even stocks or gold.
Like by bitcoin: Believe the unbelievable.
I see Bitcoin going over 60k dollar. A exact price target is impossible to say. But calling Bitcoin in a bubble on current levels is nuts. There is no indication bitcoin will any time soon going down.
Bitcoin is still young and in a growing phase. In many countries bitcoin becomes legal. And many countries see the new technology. The mainstream see slowly something in bitcoin. But full adoption isn't yet here. I believe this will fully trigger when a crash in other sectors like the stock market is the case. Also the market cap of 62 billion at the moment looks to me really small compared to the technology behind Bitcoin. Or compared to even stocks or gold.
Like by bitcoin: Believe the unbelievable.
Comment:
I guess the higher the price of BTC the more volatile it will be. We saw last 2 days some down movement. And it looked like a possible top. But not... we have now a new ATH.
Comment:
Did some calculation price from 3.25 dollar to 1095 is 33600% what happend in movement. Which was the wave from geen to red. And currently we have a movement from 163 to 6000 usd is 3580% which will result in a 10 times increase from now which is possible. But in this wave like in the previous one it can be possible that we go down in the middle to lets say from 28k to 14k and then up to the red line again. It is theoraticly possible.
Comment:
Still a long way to go. Wouldn't surprised if its break the 70k line
Comment:
It just keeps going