$1 Million Bitcoin More Likely Than Ever?

So says CEO and Bitcoin bull Raol Paul. He also feels Bitcoin moving to $40K relatively soon is not outlandish by any means.

Pal: BTC price potential now $1 million

“Whatever plays out, after a KEY technical break like today, the probability of vastly higher prices has risen dramatically,” he summarized on Twitter.

Pal, who last month released a seminal report into Bitcoin’s benefits against fiat currency, said that using classical charting techniques, $40,000 becomes reality.

He added:

Well, that gives you a price object for this run potentially (key word – potentially) of $1m.

Using a log chart, Pal continued, likewise produces “a 1 standard deviation move to $40,000 and a 2 standard potential to $1m (potential).”

Full article here: https://cointelegraph.com/news/perfect-wedge-makes-1m-bitcoin-more-likely-than-ever-raoul-pal

Master Asked on May 8, 2020 in Bitcoin.
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