This chart is based off a few assumptions. First, the rate of exponential growth must slow over time. It isn't realistic to expect $100 million per BTC in 10 years. Sorry. Second, as BTC matures the percentage price range between peaks and valleys will also decrease. Third, bitcoin price movements are cyclical and centered around the supply halving events. Fourth,...
If we continue in the 2017 channel for 2018, we will likely see near 100k levels by end of year, possibly earlier if we have a breakout similar to Dec 2017. If we break down, however, we're likely to bounce off a line that's served as support and resistance for many years, putting us around 6k at year's end.
