I am using information that PentarhUdi originally posted on May, 2017 and updated it.
I believe we are currently strongly correlated with the Bitcoin move in 2013. I believe this correlation will lead us to a parabolic rise in current prices into July 2018 (similar to the move in late 2013).
This will hold true as long as we dont make lows below 5900. A pullback to the 7800 range COULD happen before we get going on this amazing ride. $28k first target. Then $100k.
There is also cycle work involved..and mining difficulty at all time highs right now. Fundamentally, with new miners coming into the Market this month...it will only help substantiate price rise in Bitcoin.
I believe we are currently strongly correlated with the Bitcoin move in 2013. I believe this correlation will lead us to a parabolic rise in current prices into July 2018 (similar to the move in late 2013).
This will hold true as long as we dont make lows below 5900. A pullback to the 7800 range COULD happen before we get going on this amazing ride. $28k first target. Then $100k.
There is also cycle work involved..and mining difficulty at all time highs right now. Fundamentally, with new miners coming into the Market this month...it will only help substantiate price rise in Bitcoin.