Bitcoin technical analysis: BITCOIN TO $ 500.000 or # 1.000.000$

in #bitcoin7 years ago

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Based on parabolic advance analysis these targets could be reach in the following 5 years approx

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Very interesting scenario. However, I think that the only way for bitcoin to reach these prices is solving the current problems related to transfer times and fees, which as the price increases, and the btc blockchain becomes more congested, will be much higher. If not, it is likely that in the next few years Bitcoin will be overtaken by Ethereum perhaps, or Bitcoin Cash.

Yeah bit dev's are already started solving these problems with lightning network and segwit2x implementation so that will be no problem in near future