Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Last of the V8s
on 11/06/2018, 10:32:44 UTC
I tend to be a perma-bear, but this most recent crash feels really artificial.

We do seem to be tracking frightfully close to the accelerated 2014 model.

There really should be no reason for 2014 to recur, since the overall situation is so immensely different, but I also can't help but see parallels. I've always thought that the upward movement after the 2015 doldrums was driven to a significant extent by the 2016 halving, though, which wouldn't apply to a time-accelerated model. And in 2013-2015 the price dropped about 83% from its ATH, which would lead to a price of about $3200 in the current situation.

Sir, when bus ticket?

I feel the price was being artificially held up for 2 months on and off after the short squeeze, then one set of accumulation bots was turned off again - for now.