Non-log chart on 1W timescale.
Gain is measured in pips instead of a percentage (height of flag pole).
Purple triangle is a large bull pennant, signaling a continuation of the trend.
This would also mean nearly a doubling of the current market cap, which is $260 Billion today and by April, that should be $520 Billion.
There is talk that the US derivatives market will bring in $1 Trillion into the crypto world in early 2018 and if this is the case and that flow of money comes in smoothly, then Bitcoin even at $31,000 will be very undervalued.
The real question is not "can" Bitcoin hit record values of $30k, $50k, $250k or $1M, but "how long will it take for the flow of money to make it into the crypto blockchains?"
Gain is measured in pips instead of a percentage (height of flag pole).
Purple triangle is a large bull pennant, signaling a continuation of the trend.
This would also mean nearly a doubling of the current market cap, which is $260 Billion today and by April, that should be $520 Billion.
There is talk that the US derivatives market will bring in $1 Trillion into the crypto world in early 2018 and if this is the case and that flow of money comes in smoothly, then Bitcoin even at $31,000 will be very undervalued.
The real question is not "can" Bitcoin hit record values of $30k, $50k, $250k or $1M, but "how long will it take for the flow of money to make it into the crypto blockchains?"
