How's that for a shock and awe?
That's right, the weekly bitcoin chart looks eerily similar to what happened back in 2017.
If prices were to follow the same pattern from here, they would go up by 570% over the next 147 days...
Which means, we would hit roughly $62k by the end of October.
Check it out:
(Source: ~~~ embed:1140576413180997632) twitter metadata:Z2FsYXh5QlRDfHxodHRwczovL3R3aXR0ZXIuY29tL2dhbGF4eUJUQy9zdGF0dXMvMTE0MDU3NjQxMzE4MDk5NzYzMil8 ~~~
Do I think this actually happens?
Nope.
I do not.
In fact I think we are well overdue for a pullback to the $6,500 area.
The fact it hasn't happened yet is a bit concerning for my thesis, but things just look way too over extended to not have a decent sized pullback here.
In the 2016-2017 bull market, bitcoin had 9 pullbacks of roughly 30% before reaching new highs.
I very much think we are due for one right now on bitcoin. The only question is do we test $10k first or not.
However, after that pullback I think we could see new highs by the end of this year, or early next.
Stay informed my friends.
-Doc
hey jr been away for a month
baakt launches in a month and i dont think there will be big pullbacks after that for quite a while so hopefully we get a big pull back before that or it could very well explode to 60k before the year is out
i buy monero instead of BTC since exchanges are confiscating peoples BTC saying they are tainted and used on the darknet
with monero they cant do that and its completely untracable and theyve even thrown a few people in jail for holding BTC that were used for nefarious purposes on the dark net
they dont care if you werent the one using it on the dark net just the fact that they were used for shady stuff
its getting crazy out there
i bought monero at its low around 60 dollars its double that now and way wqay safer than BTC
also my altcoins are flying looks like i got the right ones
nice to see your posts again and keep em coming bud
cheers
Bring on $62K! 💰😍💰
I would just like to see $10k break first, it may happen this weekend actually.
Yes, bring it on.
Hope you are correct Sir 🧐
More like, hopefully this guy is correct!
Libra will pave the way, it will be 50k this Christmas
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It's possible. Though Libra is not slated to launch until Q1 of 2020 last I heard?
You are right it starts next tear. However, all the newspapers, even in countries like mine (Serbia) are writing about it for 2 days in a row. Journalist have no clue what they are talking about, but something is going on. In Slovenia, 1 "national" wallet and a company that allows you to invest 10-20 euros into packages of top crypto, or promising, risky...
It's spreading... The question is - when to sell and what. Especially altcoins
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I am not sure. Most altcoins haven't reacted positively to the libra news, nor should they actually. Hopefully we get another crypto wide pump when bitcoin makes new highs later this year or early next.
I think that Libra will wipe out alt coins
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And what about utility tokens?
I'm not sure who is going to use them :(
FB coin - all the folks from FB, like a billion
Weirdcoin - maybe a couple of thousands
Why would something recognized by 1000 people be valuable (*it's also important question for Steem...)
I could see that as well... what about steem?
Thanks.