Bitcoin Price is About to Parabolically Explode

The SEC has set a deadline of November 5th, 2018 to make its decision on 9 Bitcoin ETF's. Last year from November to mid December Bitcoin went from about $6,500 to $20,000 powered by FOMO. As I write this, the price is about $6,500 and looks to be gaining steam.

I predict that this bull market will return again in 2018, only this time powered by a more potent fuel. In November these ETF's should be approved causing money to flood the markets. Once we break the $10,000 per BTC mark that will be the true beginning of the new bull market. At that point we will have surpassed a key resistance level and will have no problem gaining further.

Currently I believe we are at the bottom of the market. It costs about $6,500 - $7,000 to mine one Bitcoin and miners won't sell at a loss. We're at $6,500 now I see 10X in the next year as quite possible. SEC approval, Bakkt, and Lighting network being the main drivers.

10X would put us at $65,000 per coin with a BTC market cap of over 1 Trillion US Dollars. At this point the all mighty Bitcoin will have the undevided attention of the masses driving further mainstream awareness and the demand even higher.