I figure now is the time for ridiculous end of year predictions so I'm just posting this in case it turns out true. I'm making a lot of assumptions and this is just for fun, so please don't take it seriously.
Assuming BCHBTC stays in this parallel channel AND BCHUSD exits the current pennant at the furthest possible point, I calculated a few scenarios based on the ratio to calculate the price of BTCUSD on January 2nd 2018.
$19k seems reasonable, but given recent trends $43k isn't out of the question either.
EDIT: It's out of frame, but the purple horizontal line is the historical bottom on the btc ratio, which I assumed acts as resistance in that scenario.
Assuming BCHBTC stays in this parallel channel AND BCHUSD exits the current pennant at the furthest possible point, I calculated a few scenarios based on the ratio to calculate the price of BTCUSD on January 2nd 2018.
$19k seems reasonable, but given recent trends $43k isn't out of the question either.
EDIT: It's out of frame, but the purple horizontal line is the historical bottom on the btc ratio, which I assumed acts as resistance in that scenario.