heatom
Long

1BTC price in 2016

MTGOX:BTCUSD   Bitcoin / U.S. Dollar
208 2 9
1BTC = $200K in 2016
Difficult to fathom. Can you provide any fundamental data to support this theory. I feel strongly that it will definitely be higher than it is today.
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Its obvious the chart has been following logarithmic function for now. Therefore any technical analysis should be provided with log scaled graphs IMO. All fundamental data we could operate are historical price movements and as for now BTCUSD is following black trend line of my chart quite affirmative. The red zone just shows historical price volatility that will be reduced undoubtedly with price rising.
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