Post
Topic
Board Speculation
Re: Bitcoin price cycles
by
hacknoid
on 03/05/2017, 11:52:44 UTC
Wow those predictions are quite good, and some numbers where hit as early as today, though I think todays price is somekind of a pump and I am expecting a price crash later.   I am looking forward to see those numbers happen one by one  and I believe that this price will be reach earlier than predicted.


I'm pretty sure as well that we will actually hit all those numbers ahead of the forecast time, but as you say, price will likely correct afterward.  The trend over the past two years has been quite close to the trend line, but still varied +/- 20% at times, which is actually much less than historical deviation, which is good.  (Actually, we've gone up to 40% above the trendline over the past two years, but only corrected back to just under the trendline after).

I'll be happy if the trend continues on this rate, and if we don't drop below 20% below the forecast price on any given date.