Comparing 2014 and 2018 bubles, there are so many similarities for the time being that it's hard to say we going to da moon.
It is true that bitcoin -0.44% is not the same as it was in 2013/2014, however TA speak ourself. The only chance for now to change the bias is FA noisy event.
As you see above I have applied the historical BTC-E data in order to have big picture for BITFINEX:LTCBTC pair. Considering that we still struggling with 0.382 fib retracement, I assume that main bull run is still ahead.
Hypothetically ... if we would imagine current ratio on the ATH level (~0.05) then BITFINEX:LTCUSD would be around $870 with the marketcap...
I know you call me crazy to predict prices such as 100k per BTC, however I see so huge hype on crypto market that this is possible scenario.
Bubbles have one biggest issue - nobody knows when it will break. Usually bubles grow to the levels that nobody expect. Despite we already reached unbelievable levels we may only guess where is the top.
I expect insane...