Post
Topic
Board Speculation
Re: Last 4 months of bitcoin
by
timerland
on 05/07/2017, 01:15:07 UTC
What do you see here? Shocked



First of all, we have struggled with the $3000 barrier. In this chart it actually shows as $3003 being the top but if you look at coinmarketcap which is a weighted average of all exchanges you will see that bitcoin never actually hit $3000.

After that, you can see clear cycles of boom and bust. The floor is pretty much set at $2000 and the roof is $2800-$2900. I have a strong gut feeling that the price of each bitcoin will again test the $3000 level, and probably break it after the UASF when SW is implemented. Then, just like $2000 is the definitive floor for bitcoin right now, $3000 will become the new floor, and won't be broken unless a hard fork happens.