I just wanted to use a longer Pitchfan fib on BItcoin with the projected $250,000 price target by Tim Draper. We do not know what year this will happen but it is very likely a doable scenario given all the financial corruption by governments on a global scale. I decided to use the Bravenewcoin Liquid index for this chart.
Last capitulation point before we correct and move to the upside. I have Pitchforks and Fib Circles on the chart. Understand that this is all speculative and not for certain but from what I am learning as I move forward with this market this is my opinion and future target. Tim Draper continues to be positive on this $250k target.
(1) Tim Draper predicts $250,000 bitcoin by 2022.
(2) Mcafee predicts $1,000,000 bitcoin by 2020.
Will they be right? We'll find out in the coming years..
