Биткоин
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The last great bubble

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Currently:

Bitcoin is in a period of consolidation at the bottom of the long-term channel. Movement will seem sideways and down until indicators signal the next wave of adoption. Sentiment will remain low.

A : Medium-term consolidation

Resistance to growth remains through February and part of March while bearish and moderate performance causes increased price stability. Two descending wedges are broken before bullish sentiment can return.

B : New ATH sometime between May and July 2018

Two descending wedges are broken--drawn from the 2017 ATH and the January 2018 breakdown—and moderate to bullish sentiment pushes bitcoin to a new ATH. ATH is established somewhere between 20K and 28K USD. A new wave of adoption from new markets is identified. Full capitulation from alt market speculation exposes frivolous Crypto Assets.

The ascending wedge between the 2017 and 2013 ATH is difficult to break. It’s EXTREMELY LIKELY that following scenarios take an additional 10 months. Price targets for an extended scenario are substantially higher.

C : Price is pushed over 50k sometime between June and August or as late as November 2018

Bitcoin's user base rapidly grows. It’s fueled by new growth and a new wave of users. Segwit and Lightning adoption demonstrate 100x increase in possible transaction support while significantly decreasing transaction fees. LocalBitcoin processes 20 to 40 million USD in transactions daily. Press praises Bitcoin as a tool ready or nearly ready for “Main Street.” A use case for Lightning in retail businesses is implemented in some markets.

D : Bounce off the top of the channel between July and October, or as late as March 2019

The speculative fever lasts and Bitcoin hits the top of the long-term channel for the first time since November 2015. The new ATH is somewhere between 90k and 200kUSD. The extended scenario sets a price target of 500k USD.

Hitting the top of the channel signals a long-term bear market and moves the price into a comparatively moderate range, well under 100K USD. Bouncing off the top of the channel completes before speculation about the halving takes hold of sentiment in early 2020.

By the end of 2020, 1 million USD price targets are commonly issued from established financial institutions in the United States.
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