Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
dnaleor
on 09/07/2014, 08:00:22 UTC
I think these log trendlines are guaranteed to be broken at some point in the near future (1 week to 1 year).  A new trendline will be established. This happens all the time on a micro scale.

To maintain that trendline, basically btc would have to have a bubble of epic proportions (money influx-wise) and then only have a protracted bear retracement afterwards. I just don't think the log line is sustainable much longer.

I think we'll see one more epic bubble and after that, the current trendline (and the logaritmic model in general) will be broken.