Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Let's look back at the old exponential growth chart:
Note how with the recent consolidation the current run-up now looks almost exactly the same pace as the Jan-March boom, just more volatile. I moved the boom period over to the present run to compare the slopes:
Looks like it's targeting 500 by mid-December. With a dash of bubbly exuberance, we could reach $1000 just in time for Christmas
Note how with the recent consolidation the current run-up now looks almost exactly the same pace as the Jan-March boom, just more volatile. I moved the boom period over to the present run to compare the slopes:
Looks like it's targeting 500 by mid-December. With a dash of bubbly exuberance, we could reach $1000 just in time for Christmas
I don't think we recreate that slope of early this year. It takes more money to push us from $200-$500 than from $30-$250. Plus the higher we go, the more potential we have for early early adopters to start profit taking. Many missed out on the 2 hour window on April 10th and will want to make sure they get in on this.
I do however see us retesting $250 and then after another pull back, retesting $266 in November. If everything goes Bull, we might test $300 in 2013, but with the holidays coming up, I think we might do that in Jan or Feb instead.