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.
Tim Draper predicted bitcoin price to 250k by 2022. We shall see.
(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..
www.youtube.com Will it come true? Let's see.
Range narrows as market consolidates and volume dries up. A break from this pennant could be the start of the next move