Post
Topic
Board Economics
Re: Monthly average USD/bitcoin price & trend
by
xxnewbiecoinerxx
on 10/12/2013, 19:25:52 UTC
OP updated to the best chart (by tonico).

I did some very interesting analysis re:the similarities of relative overvaluation in April and now. In April we were "only" about 3.2x the then current trendline when the bubble popped.

Now the high value has been similarly 3.3x (at ATH).

If the bubbles compare, expect $400s to be visited not only briefly but repeatedly.

Before that, what might be the top?


I am totally noob in this ,but doesnt the media and positivie news and etc. affect the trendline? Why no matter what the price has to meet the trendline?