The following is an updated chart based on my original idea that the 2019 price action looked similar to 2012 / 2013 price action. The scale has so far deviated, but the price action remains similar looking. Assuming that trend would continue, here is what the chart would look like. I'm not a fan of logarithmic charting, or the absurd price forecasts it creates, however I do like the shape of the price action.
I am not forecasting a price of $2m (180-200k seems more reasonable to me), but this is an interesting possibility for how the price movement could take place.
I am not forecasting a price of $2m (180-200k seems more reasonable to me), but this is an interesting possibility for how the price movement could take place.
