The sharp improvement in the technical image records the last 24 minutes in cryptology. Supported by some investors who expect an incredible rally in the next two years.

Festive tends to become the atmosphere in the cryptocurrency market, as Bitcoin managed to break the critical point (green line). We had mentioned that it wasn't easy to break with the first one, but it didn't take much effort. He did it with the second.

A very positive scenario

The ideal scenario for traders now is to go back to the green line and start climbing shortly thereafter. This will confirm the transformation of the green line from a resistance level to a support level. The value of Bitcoin has shown this behavior several times, why not do it again?

"In the next 2 years we will be in a dilemma. Use the banks' credit or debit card and charge bank fees or use Bitcoin that will charge almost nothing? When will this happen; When people feel confident and at the same time engineers working on the cryptocurrency network solve some issues that exist today. Looking at the graph history, we will see that 6 months to a year after halving, the Bitcoin price jumps. So it's not at all unlikely to be worth $ 250,000. So maybe this is a very good investment opportunity. "

Who mentions these? Timothy Draper, the well-known billionaire investor and founder of Draper University, specializing in the teaching of entrepreneurship. Draper is considered one of the most successful investors in Wall Street in the world, with a huge influence in Silicon Valley, as he had the insight to detect many tech giants today in their early days.

Of course, we have a reservation, as Tim owns a significant amount of Bitcoin, so it's good for him to spread such optimistic scripts. You see, he had the foresight to buy a lot from the police when he auctioned what he had seized in 2011 from Silk Road between 2014 and 2015.

Is this price too high? With today's data, it's really an exaggeration. However, if there is a strong upward trend, things will change. Remember what happened in 2017. A month ago it topped $ 7,000. It took just 30 days to reach the $ 20,000.

What do we mean? According to some calculations, $ 50-100,000 is a realistic figure. But once it reaches this height, it may not be easy to stop at a "reasonable price" but the excitement of turning into a greed fever pushing the peak even higher.

Draper's prediction that one Bitcoin will reach $ 250,000 over the next two years is not only discussed in the limited space of cryptocurrencies. He commented extensively on the frequency of CNBC. At first they said they considered the view bold, almost irresponsible. However, the fact that he has been told by Draper, who is reportedly not saying anything if he does not believe it, this bizarro prediction gains another weight.

As shown in a chart, the forecast may seem strange, but it's not something Bitcoin has done in the past. From 2013 to the present, its price is moving through a large channel, extending to 2022, at $ 200-250,000.

But it is not only the interpretation through the diagram that leads to this conclusion. From a fundamental analysis point of view, if the price of Bitcoin reaches this 'bizarro' level, it means that it will be worth half the capitalization of gold. Draper, like many others, thinks it is reasonable that he will get a share from gold investors.

The most impressive of CNBC's broadcasts were not the arguments. We have heard from many before. What was perhaps more important was the reaction of the panel. The fact that they considered such a possibility normal, even if it doesn't take 2 years to get there, but more. Now the channel's presenters are aware of the specifics of Bitcoin. They ask the right questions, the right observations. Even the one who was skeptical at the beginning of the conversation mentioned the interesting idea of ​​investing 1-2% of your portfolio in Bitcoin. But if you lose, he said, the losses will be small, but if it goes well, the profits will be significant large.

Conclusion

We have mentioned this many times, but we repeat it because it is very important. The transformation of the major American financial media is spectacular. There was no chance of seeing such reactions 2-3 years ago, not even from marginal channels. Not to be outdone, at CNBC itself, they used to think of it as a means of buying drugs, gambling and porn. Now they treat it as digital gold.