Quote from: crocko on June 13, 2014, 02:29:45 AM

Any idea why the Bitcoin price is going down ?
Now it is under $600
http://preev.com/

No need to start worrying yet. We still seem to be following the trend of the last two run-ups quite nicely.

I actually adjusted the days at which the peaks occurred for the April and November bubbles (by 3 days at most) because then even the flash crashes on the run-up lined up! If we are where I think we are, we are just experiencing the small dip before the rally (which was coincidentally related to SR for the last run-up as well).

In fact, some more experienced traders on these forums don't seem to have been comfortable with stating that it's the start of a rally because we haven't had 'the crash before the rally' yet. Perhaps they will be satisfied with this one?

edit: Each datapoint is based on the Bitstamp close price. Since we don't yet know what the day holds in store for us, I have conservatively estimated a close of $560, just to see how it lines up on the plots. Even with that low a value, we still seem to be on track for a peak between $3000 and $5000.