Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
BlackSpidy
on 23/06/2015, 00:56:03 UTC
We're really close to breaking the log downtrend, and I expect to see a few days in $310+ when we definitely break out of it.

We will sideways break it so there is no misunderstanding Cheesy

To be honest, I have no idea how we will break it. The thing is that when we broke the (I dont know if this is really a thing) lineal downtrend, sometime in feb 26 with $240-something, we spiked up for a few days, then went back to the weak uptrend we've been having since the dead cat bounce of this January. Sometime between now and august (we'll be above the log downtrend), I think we're going to spike upwards above $310, stay there for a week, then drop back down to whatever the price was before that rise. We'll be at $250-something, move up to $310+, then drop back down to $240, to slowly rise up to $260-$270. Then it's a steady rise until the early 2016 pre-halving mini-bubble.
We've going to end 2015 somewhere between $280 and $320.

... and that's what my gut tells me Tongue