Quote from: STT on November 12, 2020, 11:49:35 PM

For what its worth 100k is certainly possible but would be transformative, I dont think any such escalation happens in isolation but in combination with rather large changes in the world such as alterations to the global reserve system based around dollar and so on. If the dollar index dropped 20% for example that might explain such a target and we'd only realise retrospectively.

If we're talking 100k then its a macro view we are discussing which I prefer to take the longer term view and the bars on a chart of at least daily to weekly or higher time frames because its always more accurate then trying to guess pricing around hourly bars like a game of hop skotch.

I'll look into the video for perspective but another macro view I was just looking at that tracks back to 2017 action and tries to draw accuracy by price action guidance over years, the conclusion there is bullish but with a possible pullback to 13k. The 13k is the test for the higher action as I understand it, the rough guide is Fib levels of which 16k is .786 and the low is taken at the xmas of about 2 years ago which I agree was very low sentiment and a good anchor for predicting price potential. I'll post chart anyhow:

https://i.imgur.com/HlGVdqyg.png

Appreciate the in-depth response. Would agree that reaching, and maintaining $100k+ in the long-term would at least start to coincide with significant macro-economic impact. That's the central point anyway, to hedge.

Simply touching $100k at some point, let's say for example, reaching it as an over-shoot in the next cycle, is very likely and I think requires less upheaval that we're implying otherwise. That cycle top taking place in 2021 seems hasty, but models that I agree with are showing strong correlations, suggesting it likely ie. S2F. Of course, that doesn't provide any certainty, but it does seem like likely.

Either way, 2-3 years is almost certain at this point. Leaving aside the central macro view that BTC serves as the ultimate hedge against the gradual collapse of a fiat system. The store of wealth narrative alone is growing increasingly significant.

Appreciate the charts and the support/resistance areas. Will take a closer look.