#BITCOIN +104% target $31,639 by Apr-2nd-2018
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?"
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