Just made this for fun.
There's a reasonable chance that the $20k top was the final high of the 5 part cycle, in which case we could very reasonably test $1k again.
Wave 1: June 2011 at $28,
Wave 2: November 2011 at $2
Wave 3: China bubble of 2013 at $1100
Wave 4: Bottom of China Bubble 2014 at $170
Wave 5: 2017 'hodl' Bubble at $20K
There's also another chance that $20k was wave 1 of a larger wave, which would give us two more peaks before the $200-300k range is 2020-2021.
I can't see the impulse wave stretching past 2021 without an ABC correction of significant nature. BTC has been in an impulse bull wave since its inception and is probably overdue for an ABC correction. Will be interesting to see whether we're in it now, or we can go higher. I'm slightly biased with $200k as the $20k didn't feel like real euphoria, and there's plenty of adoption left.
There's a reasonable chance that the $20k top was the final high of the 5 part cycle, in which case we could very reasonably test $1k again.
Wave 1: June 2011 at $28,
Wave 2: November 2011 at $2
Wave 3: China bubble of 2013 at $1100
Wave 4: Bottom of China Bubble 2014 at $170
Wave 5: 2017 'hodl' Bubble at $20K
There's also another chance that $20k was wave 1 of a larger wave, which would give us two more peaks before the $200-300k range is 2020-2021.
I can't see the impulse wave stretching past 2021 without an ABC correction of significant nature. BTC has been in an impulse bull wave since its inception and is probably overdue for an ABC correction. Will be interesting to see whether we're in it now, or we can go higher. I'm slightly biased with $200k as the $20k didn't feel like real euphoria, and there's plenty of adoption left.