This was a fascinating chart and I checked out the numbers for
BTC since 1/2011. Was shocked to see that this trend has continued for quite a while:
Google Spreadsheet with Monthly Lows Summary DataInteresting findings:
- 23 of 29 months since the beginning of 2011 have seen an increase in the monthly low price
- We are in the 16th consecutive month of an increased monthly low price.
- The average change from one monthly low price in this time period: +35.70%
Nice spreadsheet -even assuming the increase per month settles at only 10%/month, that would still see the price of BTC rise to around 160 USD in 6 months from now...
This is a good indicator I never considered. I'm glad you brought it up and it really makes sense. Even through all the shit and bad news bitcoins low point continues to rise.