GrantPeace

Bitcoin Trajectory

Long
GrantPeace Updated   
BITFINEX:BTCUSD   Bitcoin
This is an updated analysis on the trajectory of bitcoin using a Monte-Carlo simulation of 2000 random walks, as well as Fibonacci retracement levels.
Everyone has the same idea right now so this may just be a self-fulfilling prophecy. On top of that, the Monte Carlo is levelling out and maximum walks are ending over 50k already.

View the random walks here:
Comment:
The long-term bitcoin outlook is now, not so long-term. Six months is a short period of time for this level of return.

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