This Chart shows Bitcoin on Log scale.
Log scale shows the price on the right spaced with a percentage difference. A Linear chart just shows the difference in price.
This chart is merely one possible scenario (of the infinite possibilities that exist) It is not a prediction and merely an attempt to make people zoom out and take stock of where we are and where we could be going in the years ahead.
We have a long term bullish trend line which started back in 2015. If price decides to return to retest the trend line in the next month or so it could go as low as $2700. If we bounce around the all time high of $20000 and the trend line for the next couple of years we could see a breakout of the ATH some time in 2019, 2020.
This breakout could be the move to $100K and beyond. By that time a $5000 range in a day would only be %5 so volatility could finally start to settle down.
Thanks for stopping by.
Log scale shows the price on the right spaced with a percentage difference. A Linear chart just shows the difference in price.
This chart is merely one possible scenario (of the infinite possibilities that exist) It is not a prediction and merely an attempt to make people zoom out and take stock of where we are and where we could be going in the years ahead.
We have a long term bullish trend line which started back in 2015. If price decides to return to retest the trend line in the next month or so it could go as low as $2700. If we bounce around the all time high of $20000 and the trend line for the next couple of years we could see a breakout of the ATH some time in 2019, 2020.
This breakout could be the move to $100K and beyond. By that time a $5000 range in a day would only be %5 so volatility could finally start to settle down.
Thanks for stopping by.