Which route BTC? Fast, medium or slow?
Depending on which route BTC will like to take now, we will see different heights of the new All time high.
The resistance is curved as we know, because BTC at some point left the exponential growth channel.
Of course, at some point it could decide to change this longterm behavior, but until now, based on historical data, it is reasonable to assume that this slowing down trend will continue.
So, I've drawn three scenarios.
The fast one would be the gold fractal: We continue pumping the next weeks and months until we'd reach around 65k as a top, plusminus of course.
The medium route would take us to 100K by 2020, and the slow route to 150K by end of 2021.
It will be interesting to see what BTC will want to do.
I am unsure now myself. Personally I would prefer the slower variants, the 100k or 150k variants would be fine, but we don't know what the market wants yet.
Let's see which path BTC will want to take.
If BTC starts making new ATHs already in 2019, I will not wait until 100k to start selling, that's for sure.
The resistance is curved as we know, because BTC at some point left the exponential growth channel.
Of course, at some point it could decide to change this longterm behavior, but until now, based on historical data, it is reasonable to assume that this slowing down trend will continue.
So, I've drawn three scenarios.
The fast one would be the gold fractal: We continue pumping the next weeks and months until we'd reach around 65k as a top, plusminus of course.
The medium route would take us to 100K by 2020, and the slow route to 150K by end of 2021.
It will be interesting to see what BTC will want to do.
I am unsure now myself. Personally I would prefer the slower variants, the 100k or 150k variants would be fine, but we don't know what the market wants yet.
Let's see which path BTC will want to take.
If BTC starts making new ATHs already in 2019, I will not wait until 100k to start selling, that's for sure.
Comment:
It looks more and more as if the fast route is ruled out. So, medium or slow, meaning ATH by late 2020 or mid 2021 at the latest.
Comment:
BTC has decided: The slow route it is!