Forecast Bitcoin $ 6300 - $ 7000
Let's look at the historic maximums and minimum bitcoin prices:
- Maximum $35 at 2011/06/10
- Minimum $2 at 2011/11/21: Falling to 6% of the maximum value.
- Maximum $198 at 2013/04/10: Increase to 5.6 times the previous maximum value.
- Minimum $68 at 2013/07/05: Falling to 34% of the maximum value, but increase to 2 times the second previous maximum value.
- Maximum $1151 at 2013/12/04: Increase to 5.8 times the previous maximum value.
- Minimum $177 at 2015/01/14: Falling to 15% of the maximum value, but increase to 2.6 times the second previous maximum value.
- Next new maximum $6300 - $7000 Why ? Previous maximum is $1151, multiply it by 5.5 - 6.0
- Next new minimum $2300 - $2900 Why ? Second previous maximum $1151, multiply it by 2.0 - 2.5
Used data source: Blockchain.info
What is the recommendation: Price will probably dont fall bellow actual trading price $2400 and is expected, that price will go up to $7000 in few months.
I forecast another five fold increase in Ethereum as well.
Read my analysis here:
https://steemit.com/ethereum/@sjovmaiin/an-ethereum-price-forecast-fivefold-increase-this-year
Thanks guys.
nice post :) look also at this post :
https://steemit.com/cruptocurrency/@vbnm21/free-mining-free-coins-free-eobot-com
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