How are you doing Crypto Maniacs?
This is a chart on which we worked for some time to share our thoughts on Bitcoin and it's prior, current and future path with different time frame separations.
Let's go back in time to 2014... That year was best remembered by correction which occurred shortly after a FOMO that took over crypto community after Bitcoin came in light and was 'marketed' by many media stations, journals and so on... something like we have seen not that long ago in Q4 of 2017, but we'll get there soon...
After major FOMO which brought price of Bitcoin from only $72 to nearly $1,200 within a 5 month period we needed a re-tracement since the technology was still fairly new, people didn't know what to do with it and it began getting negative reputation as major adoption by illegal industries took over cryptocurrency. In addition market cap back then was in the millions only if we compare it to today (40,000,000 during pump - below 12,000,000 after correction)
Next 415 days Bitcoin was undergoing a major correction, then moving into accumulation process for next 255 days and recovering back to a previous all time high of $1,200 in February of 2017
Shortly thereafter we moved into a major bull run in March of 2017 moving the price of Bitcoin and alts to a new all time high with Bitcoin making worldwide headlines at $20,000 which was largely due to extreme promotion of news agencies, bloggers, YouTubers and newspapers. Nevertheless, one positive thing that came with this widespread FOMO is the beginning of the new age of cryptocurrency where large companies and banks began adopting and recognizing cryptocurrency PUBLICLY. (I pointed out the word PUBLICLY because it is no secret that adoption took place long before 2017 bull run, however it was never put our into the world, making most investors and crypto fanatics clueless of potential future for cryptocurrency in the current world. This is also one of the things that make 2014 and 2018 two irrelevant years in terms of 'history repeating it-self" like many are saying today.
Let's finally look at the road ahead... If we take exact same movement as we have seen in 2017, with no slow downs or acceleration in adoption of crypto currency, Bitcoin should be around $156,000 mark by January of 2019. Please keep in mind that in this calculation we only take into account same growth speed as we have observed back in 2017.
Finally, to conclude this we would like to point out that by our calculation we should complete current correction phase in middle of this summer at which point the price should not be lower than $8,000 (+-500)
Enjoy this analysis my Crypto Maniacs, but remember to invest only what you can afford to lose or you're going right back to poverty on drop. We are not your financial advisors.
P.S.
Here are a few predictions made by world's best analysts in terms of track record...
BTC = $1 Million by December 2020 – John McAfee
BTC = $250,000 by 2022 – Tim Draper
BTC = $100,000 by December 2018, Kay Van-Petersen
BTC = $25,000 by December, 2018 – Tom Lee
This is a chart on which we worked for some time to share our thoughts on Bitcoin and it's prior, current and future path with different time frame separations.
Let's go back in time to 2014... That year was best remembered by correction which occurred shortly after a FOMO that took over crypto community after Bitcoin came in light and was 'marketed' by many media stations, journals and so on... something like we have seen not that long ago in Q4 of 2017, but we'll get there soon...
After major FOMO which brought price of Bitcoin from only $72 to nearly $1,200 within a 5 month period we needed a re-tracement since the technology was still fairly new, people didn't know what to do with it and it began getting negative reputation as major adoption by illegal industries took over cryptocurrency. In addition market cap back then was in the millions only if we compare it to today (40,000,000 during pump - below 12,000,000 after correction)
Next 415 days Bitcoin was undergoing a major correction, then moving into accumulation process for next 255 days and recovering back to a previous all time high of $1,200 in February of 2017
Shortly thereafter we moved into a major bull run in March of 2017 moving the price of Bitcoin and alts to a new all time high with Bitcoin making worldwide headlines at $20,000 which was largely due to extreme promotion of news agencies, bloggers, YouTubers and newspapers. Nevertheless, one positive thing that came with this widespread FOMO is the beginning of the new age of cryptocurrency where large companies and banks began adopting and recognizing cryptocurrency PUBLICLY. (I pointed out the word PUBLICLY because it is no secret that adoption took place long before 2017 bull run, however it was never put our into the world, making most investors and crypto fanatics clueless of potential future for cryptocurrency in the current world. This is also one of the things that make 2014 and 2018 two irrelevant years in terms of 'history repeating it-self" like many are saying today.
Let's finally look at the road ahead... If we take exact same movement as we have seen in 2017, with no slow downs or acceleration in adoption of crypto currency, Bitcoin should be around $156,000 mark by January of 2019. Please keep in mind that in this calculation we only take into account same growth speed as we have observed back in 2017.
Finally, to conclude this we would like to point out that by our calculation we should complete current correction phase in middle of this summer at which point the price should not be lower than $8,000 (+-500)
Enjoy this analysis my Crypto Maniacs, but remember to invest only what you can afford to lose or you're going right back to poverty on drop. We are not your financial advisors.
P.S.
Here are a few predictions made by world's best analysts in terms of track record...
BTC = $1 Million by December 2020 – John McAfee
BTC = $250,000 by 2022 – Tim Draper
BTC = $100,000 by December 2018, Kay Van-Petersen
BTC = $25,000 by December, 2018 – Tom Lee
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Comment:
Share your thoughts guys, let me know what you think of Bitcoin
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Leave a LIKE for support! Thank you crypto maniacs!
Comment:
Short term we see it going to $10,000
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Comment:
Market is very bullish
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We have few key resistance points coming up on which I will do a chart but if broken we will be over $25,000 after summer
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We still have few month before we will have to start moving. Anything before that is just an added bonus.
Comment:
Bullish all the way to $156,000
Drop possible in short term to $7,000
Drop possible in short term to $7,000
