Anyone got any speculation for where we are headed in the short term?
Seem's like everyone's just so surprised we broke $1000 nobody planned any speculation for afterwards, and I need speculation.
Surprised ? Who ?
When it was crashing from 900 and we reached 550 USD I said : It will fall below 500 but 400 will hold. If 400 holds then we will hit 1000 USD within the next 10 days. And here we are 7 days later... All correct.
Expect more of the same, going up strong with some corrections/ crashes on the way. For exemple we maybe hit 1600 before crashing back to 1200, then resume rise.
I believe it can again double by the end of the year to 2000 USD. A more conservative estimation is 1500 USD by the end of the year.
In 2014 I believe we'll witness the bull through the 4 digits with the 5 digits in sight. When we reach 5 digits is anyone's guess but I personally see it happen within 12 months.
In a system of logarithms where your value goes up 10x in 10 months, the 1s should take about 4-5 of those months.
Even if we go up 10x in 5 months, like we did this year, the 1s should still take 2-3 months.