LONG $44,000 Bitcoin By Year End
We can compare Bitcoin over the past year or two to from the birth of Gold futures contracts to see why Bitcoin has a good chance of hitting $44k by year end or by early 2019.
When each asset broke its previous ATH it pushed for a new ATH well above the first (peak Euohoria zones, Gold 4x and BTC 20x).
Each asset topped out at 1.0, then retraced 0.382, tested 0.786 and fell.
Gold 0.17% bottomed out at a previous resistance zone similar to BTCUSD at about $5000.
The Gold 'flat' market from 1980-2006 will likely be a much shorter process for BTC 0.38% . The Gold catalyst was the movement of capital to safehavens after the financial crisis, we could see similar behaviour towards BTC 0.38% in the future.
BTC's first Euphoria zone has five times greater return's than Gold's peak euphoria zone, later Gold hit the 2.618 level. If Bitcoinmimics Gold and hits the 2.618 level at $44k. By this analysis, $44k seems like a CONSERVATIVE long term estimate, considering bitcoin's volatility and previous price appreciation.
| If this blog post has entertained or helped you to profit. please follow, upvote, and/or consider buying me a beer. | BTS Wallet - @Cryptosingle |
|---|---|
| BTC Wallet - 1FguPX6gFWFYzZBMLBs5aecBxXTveJ9jFo | |
| ETH Wallet - 0x97c4bdbf7bf71f766e4d006a1dd188ad3830528a | |
| LTC Wallet - 0xe1aced2c3a3bfa42ca9f2b896e6e2c23701ea4f4 | |
( ) |
|
| Legal Disclaimer | |
it's my own opinion , make of it what you wish. it's just my own information . not advice or entertainment not purposes. |
|
|
|---|
| Binance Registration Now Avallable |
This user is on the @buildawhale blacklist for one or more of the following reasons:
This post has received a 0.78 % upvote from @drotto thanks to: @cryptosingle.
You got a 25.00% upvote from @nado.bot courtesy of @cryptosingle!
Send at least 0.1 SBD to participate in bid and get upvote of 0%-100% with full voting power.
Congratulations! This post has been upvoted from the communal account, @minnowsupport, by cryptosingle from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, someguy123, neoxian, followbtcnews, and netuoso. The goal is to help Steemit grow by supporting Minnows. Please find us at the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.
If you would like to delegate to the Minnow Support Project you can do so by clicking on the following links: 50SP, 100SP, 250SP, 500SP, 1000SP, 5000SP.
Be sure to leave at least 50SP undelegated on your account.
Great post! You've earned a 42.97% upvote from @dolphinbot
Join the DolphinBot Team for Daily Payouts in Steem! Click here: http://bit.ly/dolphinbot
This post has been upvoted by @microbot with 9.0%!
You want higher upvotes?
Vote for my creator @isnochys as witness!
Did you know, that you can make some profit with your witness vote?
More profits? 100% Payout! Delegate some SteemPower to @microbot: 1 SP, 5 SP, 10 SP, custom amount
You like to bet and win 20x your bid? Have a look at @gtw and this description!
This post has been upvoted by @minibot with 18.1%!
You want higher upvotes?
Vote for my creator @isnochys as witness!
Did you know, that you can make some profit with your witness vote?
More profits? 100% Payout! Delegate some SteemPower to @minibot: 1 SP, 5 SP, 10 SP, custom amount
You like to bet and win 20x your bid? Have a look at @gtw and this description!
You got a 9.48% upvote from @proffit courtesy of @cryptosingle!
2-25% Return on investment. Check steembottracker.com for current status
Minimum 0.01 SBD/STEEM to get upvote , Minimum 1 SBD/STEEM to get upvote + resteem
Congratulations @cryptosingle! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
Click on the badge to view your Board of Honor.
If you no longer want to receive notifications, reply to this comment with the word
STOPTo support your work, I also upvoted your post!
Do not miss the last post from @steemitboard!
Participate in the SteemitBoard World Cup Contest!
Collect World Cup badges and win free SBD
Support the Gold Sponsors of the contest: @good-karma and @lukestokes
Coins mentioned in post: