Based on BTC's logarithmic trend-lines and price channels (shown in the image above), dating back to its incipience, I put EOY 2019 at a conservative estimate of $13K, a "more realistic" estimate of $23K, and a possibility of reaching (or even slightly surpassing) $130K, all determined by where the various historical price channel and trend-lines intersect with the 30th of December, 2019 (the conservative, realistic and possible figures are represented by the orange, red and purple horizontal dotted lines on the chart, respectively).
Considering that even the "conservative" estimate is almost exactly a 100% return on investment from the current level should explain why I'm so bullish on BTC.
The future price projection of BTC is heavily dependent on the demise of the world's financial system. As debt continues to pile up, there will be a time when the last snowflake causes an avalanche and wipes the system off. Will the crisis be triggered by a derivatives explosion or a pension default or an unforeseen black swan event that shudders the global financial system, only time will tell...
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Based on BTC's logarithmic trend-lines and price channels (shown in the image above), dating back to its incipience, I put EOY 2019 at a conservative estimate of $13K, a "more realistic" estimate of $23K, and a possibility of reaching (or even slightly surpassing) $130K, all determined by where the various historical price channel and trend-lines intersect with the 30th of December, 2019 (the conservative, realistic and possible figures are represented by the orange, red and purple horizontal dotted lines on the chart, respectively).
Considering that even the "conservative" estimate is almost exactly a 100% return on investment from the current level should explain why I'm so bullish on BTC.
The future price projection of BTC is heavily dependent on the demise of the world's financial system. As debt continues to pile up, there will be a time when the last snowflake causes an avalanche and wipes the system off. Will the crisis be triggered by a derivatives explosion or a pension default or an unforeseen black swan event that shudders the global financial system, only time will tell...
Agree
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You what they say?
News creates volatility and this particular news can create lots and lots of volatility based on whose talking and what they are saying about bitcoins
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I guess by next year it will rise to 20.000$, I hope be more but it depends on the adoption to the currency worldwide.
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