Bitcoin to $4,000! - All Time Trend Analysis - Calling a Top -

in #bitcoin7 years ago

As bitcoin has blazed through the $3k range in about 1 week, the approach on $4,000 Bitcoins is now a reality.

Will $4,000 Bitcoins become a faint memory of Cheap Bitcoins also?

Its hard to know when then this rally will end.
  • Big time money managers are spending millions on bitcoins every day
  • Gold analysts are calling for Bitcoin to achieve 5% Gold MarketCap
    (~$30,000 - $50,000 per coin)
  • Certain figures calling for $100,000 Bitcoins by 2020
  • $1 million per bitcoin

It's insanity, it's tulipmania!

But Bitcoins arn't tulips!

So where does it end?

-The Million Dollar Question!-

Since I have been involved in bitcoin and studied the charts, I have noticed a few similarities in the price movements since Bitcoin hit the exchanges many years ago.
(1 week interval of all-time pricing on Bitstamp)

(1 week interval look of previous pumps)


Here is the trend I have noticed on Bitcoin

  • When it pumps, it goes about 10x it's previous All Time High
  • Then it crashes
  • The price will get about 2x the previous All Time High as a low
  • Followed by a period where price stagnates
  • Then a small rally forms
  • Follow by a pump, repeating the process.

Chronologically:

$1 - $10 - $2 - $100 - $20 - $1000 - $200 - NOW?

This trend seems to work out fairly well if you study the graphs. What I also noticed is that the length of time it takes for the processes to occur is getting longer as is becoming apparent with the length of this recent 2 year long pumping period.

So based upon my research and expectations the next top can be expected at:

~ $10,000 per Bitcoin


Unfortunately, I would also expect a long period of declining prices lasting probably 5+ years where the price crashes down to ~$2,000, followed by a very lengthy pump to over $100,000 per coin.
If the time periods are getting exponentially longer for each cycle, then I would assume Bitcoin will be under $100,000 for at least another 50 years.
If this price correlation actually plays out

  • Bitcoin would become an excellent store of value for the next generation
    (Following the next price decline, and expecting the next pump cycle to take 20+years to move each coin value $2,000 - $100,000)
I hope I am right
  • This would provide excellent investments opportunities for countless years to come!

What Value do you think Bitcoin will Top Out at?

And When?




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@generation.easy

a bitcoin fanatic and alt-coin enthusiast

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Nice post. Bitcoin is just going to fast. I am still bullish long term, but short term we might get a pullback. I am slowly selling.

Yes, i have been slowly selling profits, but i have been regreting selling every time Bitcoin moves up another couple hundred

you can never call a top in Bitcoin

i think this pump will go to 5k-6k before the end of the year.

We might see that range by the end of august if everything keeps going without a pull back

wow, past 4k today

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