Here comes some hopium for those, who are experiencing mood issues due to the current consolidation of the Bitcoin price.

On the chart you are seeing an ascending logarithmic channel of the weekly Bitcoin price action since late 2015. Currently the price is struggling around the middle line of the channel, which is reasonable behavior. The middle line is currently around 64k.

https://preview.redd.it/r9f1p12crj181.png?1531&format=png&auto=webp&s=87b8d5d710b453589f6e59ee25b9a4284c45e8e3

My hodler theory is that in case the price confidently tackles the mid-line, and after a possible retest repeats the 2017 EOY bull run, then theoretically the price can reach the top level of the channel. At the end of January that top level will be around 350k.

This is of course no sure thing folks, these are just some seemingly logical sketches on a logarithmic chart. Naturally I am not trying to persuade anybody to manage their positions based on this speculation. However if the speculation is reasonably grounded, then we hodlers are all going to have some real fun.

Do not forget one very important thing: nobody is ever able to guess the top of a market. The good strategy is to keep on realizing profits on the way up. Your daily portfolio balance does not equal your wealth, it is only a number on your monitor. My exit plan is to start realizing profits following the breach of the middle line, and buy back into the market only if the price falls back into the lower belt of the channel.

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