Post
Topic
Board Speculation
Merits 31 from 6 users
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
RejectedBanana
on 28/10/2021, 17:38:11 UTC
⭐ Merited by El duderino_ (15) ,vapourminer (5) ,JayJuanGee (4) ,LoyceV (4) ,dragonvslinux (2) ,bitcoinPsycho (1)

It's been a while since I've updated this data and I'm far too lazy to overlay the price chart anymore. Most of us old-timers have the price chart inscribed on our retinas anyhoo!

In short, ATHs don't interest me as much as bottoms... I do like me firm bottoms!  Grin

These charts indicate the number of days between the LAST time BTC dropped down to the specified price targets: doublings on the first chart, orders of magnitude (10x) on the second.

For example, it took 248 days between the last time it was (hopefully ever) $32k and $16k. Or ~3.5 years between the $10k and $1k bottoms.

The bars in red are rough (recent-average) forecasts. No way do I consider this TA, so feel free to offer your own prognostications!

Will May of next year be the last time it ever drops below $65k? Sooner?

When $100k bottom, 2024!??

Bottoms away!




Mt Gox and Bitstamp data