Everybody tell me. You have to use logchart to see the real worth of Bitcoin. There is so much air up to 1 million… Ok, I try logchart
BTC is forming a bullish pennant nested in a parallel channel on the log chart. Next price target is ~$21k.
Its hard to conceptualize a $50,000, $100,000 let alone a $500,000 per BTC price in the future, however the log chart really helps with the visualization. Just trying to illustrate the headroom BTC has to run, and how quickly it may do just that. Not 'technical analysis' just exploring the possibilities. This is not trading advise, just archiving my thoughts.
$DXCM is also beginning to look like it wants to pullback very soon based on the monthly log chart!