Quote from: Lucius on November 15, 2019, 02:17:11 PM

Quote from: pooya87 on November 15, 2019, 09:32:28 AM

the run-up to $14k in my view was the result of the reverse-bubble burst which caused a big surge of money coming back in and shoot the price up.

One of the more sensible explanation for April 2019 pump, especially considering that some claim that it was actually Bakkt who caused it by buying 100k BTC for their service.

Since OP is just copy/pasted some info about halving the only thing worth commenting on is price after the last two halvings. There is no doubt that in both cases a rather large pump occurred, but only after a while, not instantaneously at halving time. The question that is worth billions of dollars is whether the story will repeat itself or this time it may take an unexpected turn?

Considering the past and present price, the next ATH could be at least x10 or x20 from the current price which brings us to the numbers close to $100k or maybe even $200k. But we also know that the correction will be brutal, and it can delete up to 90% of the maximum value.

i believe that the more we move forward as the market size grows, the less drastic the big swings are going to be. meaning both rises and falls are going to happen in a more reasonable percentages. it is about more adoption and more packed order books that makes it so that when a big buy or a sell take place the price wouldn't jump up or down 30%!
so with that logic this upcoming rally price should go up to about $300k since last time price went up from $150 (the bottom) to $19900 which is 13166%. with the current bottom being $3200 that means reaching $424,512 which if it becomes smaller we should reach $300k instead