Quote from: NeuroticFish on Today at 10:29:18 AM

Quote from: eckmar on Today at 10:12:01 AM

This thread is an example of why you never trust idiots to make predictions like these without any research. Interested in what OP has to say about his mathematical models LOL.

His "models" are very precise (/s). I call them "numbers out of the belly".
The accuracy is very well shown by his other post:

Quote from: proudhon on February 28, 2021, 05:41:53 PM

So there it is, the highest price bitcoin will ever see -- ~~~$58k~~ ~~$60.4k~~ ~~$61.8k~~ ~~$63.2k~~ ~~$63.7k~~ ~~$63.8k~~ ~~$63.9k~~ ~~$64.5k~~ ~~$64.9k~~ ~~$67.0k~~ ~~$67.8k~~ ~~$68.5k~~ $69k.

Now, I just don't take him serious. But unfortunately some do. Some others tag him for trolling; it's clearly deserved too.

I do tend to appreciate looking at the bottoms rather than the tops, but even when we are looking at bottoms we have to be careful to make those kinds of statements, such as "bitcoin will never spend more than 10 consecutive days below $40k ever again" - even though we might be pretty damned safe to say that about $20k or maybe even have a quite a bit of safety to say that about $30k.. but as we go up to higher and higher BTC price bottom levels it becomes dangerous to make those kinds of statements about the bottom - even though at some point, it will seem to become pretty safe to make those kinds of bottom statements.

The top, on the other hand, seems to have no limits, even though sometimes it may well take a while to get to the top numbers, including getting back to $69k, as you mentioned that current top number NeuroticFish.

By the way, I find the weekly moving average numbers to be great lagging indicators regarding the bottom.. and tend to work with 208, 104, 52 and 26, which would be the average BTC trading prices for 4 years, 2 years, 1 year and 6 months respectively, so now they are at $17,500, $27,500, $44,700 and $46,700 respectively.

So historically in bitcoin sometimes even the lower and longer-term weekly moving average prices do end up getting reached and breached.. so the longer the period, the more conservative it is in terms of how long the BTC price might be able to stay below such price points, whether 10 days or not.. or whether we might be in a bear market or just experiencing some kind of short-term crash... which sometimes can take a bit of a longer vision of bitcoin and maybe some time studying and analyzing to attempt to appreciate these kinds of price bottom matters and how long the BTC price might be able to stay below certain weekly moving average price points.