Hey all, I was just wondering your opinions on whether bitcoin has hit its peak already at around $20,000 or if you think it will break even higher in the future? I know theres been bitcoin retraces of up to 80% before before it has risen a load again but Im not sure that bitcoin hasnt got the functionality that the price suggests.
If we are going to make a ratio and proportion of the price of bitcoin, then it may exceed to its highest peak in the month of December which is about $20,000. If the current price was about $9,000 and it is the price in the last year February which is $1,000. It increase by $19,000 after 10 months and if we are going to make the ratio of todays price, in the future, we can have the price of bitcoin for about $180,000. It is through ratio and proportion and unbelievable to reach but if we add $19,000 to $9,000, we have $27,000 which exceeds the highest peak as of today.