The target of current bubble lays between $40k and $110k
PentarhUdi
May 27
I definately see correlation in wave structure between 2013th bubble and a current. This is update of "Long term Bitcoin price extrapolation" posted 7 Oct -1.44% 2016.
Many time past since then. And log scaled trends grew a lot.
You can see some historical trends here. The lowest defines "Normal growth" and price is currently inside it. The upper ones defines "mid and super grow". Once price enters them it will start drammatical growth due deflational Bitcoin nature.
Corelations I see between 2013 and current bubbles marked by circles. So taking into account that correlations I announce drammatical price rise from approximately $40,000 USD in quick and pessimistic version to more than $100,000 USD and prolonged optimistic version.
Deadline for this action is till 2019.
Many time past since then. And log scaled trends grew a lot.
You can see some historical trends here. The lowest defines "Normal growth" and price is currently inside it. The upper ones defines "mid and super grow". Once price enters them it will start drammatical growth due deflational Bitcoin nature.
Corelations I see between 2013 and current bubbles marked by circles. So taking into account that correlations I announce drammatical price rise from approximately $40,000 USD in quick and pessimistic version to more than $100,000 USD and prolonged optimistic version.
Deadline for this action is till 2019.
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My speculation about the 2013 bear trap is that it signals a period of time when (for better or for worse) the enlarged Bitcoin community generated at the start of 2013 began to look for leverage in multiple forms (property sales, new credit cards, loans, remortgages), which helped to fuel the second part of the 2013 run. There is no reason to think that this will not play out again.