BTCUSD road to 1 million

2 thg 10, 2018

This is a "for fun" visualization of a realistic 1M BTCUSD price scenario. Using fib channels and historical data, you can see that 1M doesn't look that crazy. You can also notice that, even though the data is from 2014 – 2017, it follows the channel lines quite accurately. Continuing previous time cycles, this imagines BTC hitting 1M USD in December 2021. It also implies a bear market most of the way though 2019, which I believe may be the case. After bottoming out on the 2011 trend line, a new ATH is reached in the summer of 2020. BTC mania really kicks off, and brings us to 1M $$$! Let's hope this chart ages well.