Total Market Cap - A 2017 Fractal Theory
Will we see a 10x rally in the Total Crypto market to $14T in 16 weeks all all time lows in Bitcoin dominance of sub-20%?. Or will BTC hold its own against upstart alt-coins and keep the target for the total market cap to a more realistic $6.5T?
In this study I have pointed to the correspondences with September 11, 2017 to the present and suggested that like the Crypto market of September 11, 2017, there could be only 16 weeks to reach an all time high. In which case, will it replay the rally between September 11 and December 31, 2017,to see a 3.236x projection of the current correction to realise a $14T in total market cap?
The next, lower target would be $6.5T although this doesn't have any correspondence to the 2017 fractal.
The implications for the price of Bitcoin need to be considered with respect to the potential for it to fall significantly against the larger number of mature, alternative projects that are now in existence.
What do you think? 10x or 4x ... that is the question?
In this study I have pointed to the correspondences with September 11, 2017 to the present and suggested that like the Crypto market of September 11, 2017, there could be only 16 weeks to reach an all time high. In which case, will it replay the rally between September 11 and December 31, 2017,to see a 3.236x projection of the current correction to realise a $14T in total market cap?
The next, lower target would be $6.5T although this doesn't have any correspondence to the 2017 fractal.
The implications for the price of Bitcoin need to be considered with respect to the potential for it to fall significantly against the larger number of mature, alternative projects that are now in existence.
What do you think? 10x or 4x ... that is the question?
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