Using a log scaling on the right and the trend from the past 12 months, we can see BTCUSD getting to $50,000 between May and June 2018. We can be at around $7,000 now and still be on the trend lines - i.e. a correction now should be seen as a buying opportunity and/or we should just hodl. The RSI indicates it'll be a choppy ride getting there. The PPO shows we have plenty of room to grow before the heady days of the 2014 bust.
Hey guys, I posted this some time ago. Don't panic as we approach $7-8k. This has been somewhat expected and needed to create the spring for the next impulse drive. Still on track for 50k by mid 2018. That'll be a 7X for anyone that gets in at the low.