Sidd2416
Long

Bitcoin might go to ~$100k based on logarithmic growth patterns

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
When looking at a logarithmic chart of bitcoin's growth, it seems like there are very clear levels of support and resistance . Though they may not appear on the linear charts, it's very apparent on this logarithmic chart of BTC /USD . We can see a pattern in how Bitcoin seems to have an extremely parabolic bull run to the logarithmic resistance, and if bitcoin continues on its growth at the same rate, it could potentially hit $80k - $100k.

Comments

Not if you look at the long term (prior to 2014 pattern). As per the analysis linked below (not mine!) - when you consider 2011 the start then we have fallen through the long term support and just re-tested the support turned resistance.
+2 Reply


100k by December for sure ;)

I suggest invest everything you have
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