Agreed, seems to be in line with other predictions, not really new information, but verifies old information.
The next bubble will likely either confirm or deny many of our theories. Altough I hope it confirms them, as that would make bitcoin very predictable to people who know their shit.
I then isolated these peaks and noticed that (bar the June 2011 peak), the others very closely follow their own exponential trend which puts the next peak at approximately $4,900 (again, aligning with other predictions being tossed around the forum).
If you extrapolate this trend further, it puts the March 2015 peak at a whopping $26,300!
One last interesting point of note... the run-up to the bubbles, whilst varying in duration, does appear to assume the same velocity. Assuming we hit the top of the channel in the next run-up, this price velocity has us commencing the notorious bull-run within the next 10-20 days. Is it just a coincidence that the 1w MACD crossover looks likely to occur in a similar time-frame?.....
Great observation !!
If 4900 is not achieved in next peak, instead BTC manages to reach just 2500 $,
then 26300 $ target should be decreased exponentially ?
That would mean bitcoin would grow MUCH slower than it did before, and that it's reaching the stages of late adoption. Unlikely to happen this soon. We are nowhere near full adoption yet.