Charts are only representation and reflection of real market events.
Don't fell into a trap of comparing price charts and look for similarities expecting them to become a trend, they are usually are purely coincidental.
Don't fell into a trap of comparing price charts and look for similarities expecting them to become a trend, they are usually are purely coincidental.
I agree but the reason that technical analysis works is precisely because of the psychological expectation that other people think it's going to work. It's just a hivemind thing were the majority of market participants think a certain figure is about to form so they all act alike thus creating the figure, like a self fulfilling propercy.
In this case, yes, we may see $100,000 per BTC if the exponential growth continues.
Of course, we always have external factors that can destroy those TA thoughts.
