I believe that the next one might carry us north of $10,000. The longer time we spend here, the more explosive it gets. The supermove from $2 to $266 (133x price appreciation) took 17 months. Extrapolate that with the starting point of $340 in 2014-4-11.
The bottom called is $340 from 4/11/14. Please read the entire OP before saying he's wrong. He may become wrong a few days from now, but as of this very moment we have not broke the bottom that he called.
Lol, OK. He asks you to extrapolate from 4/11/14.
At no point does he call that date the bottom he's calling. It's very strongly implied.
If we're going to start splitting hairs, we could as well say that "rpietila calling the bottom" is not a statement of fact. Just like "Risto flying to Mars" is just a hypothetical.
So let's do away with the crap. The way I see it he called $340 the bottom. If it goes substantially below that for a non-negligible amount of time in most markets, his call was wrong. No big deal (unless you switched off your own brain and blindly followed what he said. In that case I can understand why some people here are angrily discussing this subject, although it's not merited). Risto also called 300,000 USD/BTC in 2013. He was wrong. We all had our fun, the price is payed. He's also been right many times and his thoughts are usually very valuable, sometimes intriguing and always interesting.