Quote from: AjithBtc on April 26, 2017, 02:16:07 AM

Quote from: hacknoid on April 26, 2017, 12:51:51 AM

Sorry for the absence... below is the latest updated graph:

Noting that on this graph the 235-day local maximum occurs around the second bar of each segment (Cycle 11, in this case), it's pretty close, but has drifted. However, that was indeed the highest point achieved in the cycle as of that time; there was a period of horizontal movement, the the dip. Now we're back on the upswing again (hopefully).

Well generated. We are now in the upswing as stated. Now once again we might get a horizontal move in the price increase rather than a dip, because from the start of the year the price of bitcoin is moving forward without any external influence like the Chinese bitcoin market in the past. So the real increase with respect to the user base is quite good for a positive growth.

But it seems to me that after such growth there will be an adjustment. And soon we will see the price drop. But do not panic - this is the normal state of the cryptocurrency.