This is not a target, merely using an indicator I have developed based around the ideas of quantifying risk through volatility and using that to paint a support/resistance/probability cone into the future. Using this model it can be concluded that bitcoin reaching $1,000,000 by the end of 2020 (John McAfee prediction) is possible, ONLY IF bitcoin remains on an upwards trend with similar volatility. This indicator is not biased to a trend at all, it merely paints future barrier that price is unlikely to pass based on volatility up/down, which is why it paints bitcoin $20 with the same probability as $1,000,000.
In my opinion it would be good to accumulate bitcoin at $5,000 and below and hodl just because of the amazing risk reward ratio.
In my opinion it would be good to accumulate bitcoin at $5,000 and below and hodl just because of the amazing risk reward ratio.
