Bitcoin at 100.000 at the End of 2018? (BTC Long Term Trend)
Even after the recent correction we are still quite a bit off the long-term uptrend.
Uptrend channel borders now
It's a "in the middle of nowhere situation" with:
lower channel border at: 4.500
upper channel border at: 230.000
Uptrend channel borders at the end of 2018
But, where are the channel borders at the end of 2018?
lower border: 7.500
upper border: 350.000
Even though it would be healthy for the market to correct some more and to stabilize under 10.000, I can hardly image this scenario. More likely is a next wave up, after some weeks of breathtaking.
My Guess
If I have to guess, I see BTC above 100.000 at the end of the year.
Disclaimer: This is not financial advise. I am not your financial adviser. Only invest how much you can afford to lose. Nobody is able to predict prices.
Sunny regards from Berlin (Germany),
Sebastian
PS: Follow me! I will follow back.