Looking at trends 2 or more years, Bitcoin appears to be headed for $70,000 over the next 3 years though it appears heavily bullish right now. Are there people with charts/trends etc taking us to the $70,000 level over the next 3 years?
I like your attitude in thinking that bitcoin is going to $70,000 over the next 3 years. The problem is, no one can really predict where the price is heading. If we all need to based on graphs, I'm sure that we can correlate everything and see it going that way. But bitcoin market has somewhat defy the traditional way of analyzing the trend and graphs. So I say that it's possible, or even it can go above $70,000, but what if it didn't?
This $70,000 may come sooner than 2020 halving if this positive trend continues for another 2-3 months and we pull out into the 20k area where the 5 figure pricing will start to look normal to everyone.
With the rate bitcoin is moving, that is definitely something that is possible. A lot of people are still very skeptical as to the movement of bitcoin right now with a lot of news going on with the bubble bursting and all that, but I guess only time will definitely tell in the long run if it is a bubble that is going to burst or it is the real deal and $70k by 2020 seems a possibility.It's really possible to really reach it but we can't be for certain. I think we should all be cautious, there might be some correction in the next 3 years. But just like everyone here, I like to see we get that price. Imagine those people who is holding even a small portion will have a lot of money just by holding on it. Let's see how it goes.
