Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
If this bubble can reach $1k, will it promptly create a crash from all of the sellers at that price point? Or will it begin much sooner ($500)?
Here's a "back of the envelope" theory:
Base to Peak ratios
Bubble 1: $1 to $30 (30x)
Bubble 2: $13 to $260 (20x)
Bubble 3: $120 to $1,200 (10x)
Bubble 3: $120 to $1,680 (14x)