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RE: Waiting For Rule of Three Dump.
The 6k predictions are out of line. In my opinion, 6k is the lowest Bitcoin can go, but there hasn't been high enough volatility on the upside to justify crashing to rock bottom.
| Jan | Feb | Mar | April | May | June |
|---|---|---|---|---|---|
| $3467 | $3733 | $4000 | $4267 | $4533 | $4800 |
| July | Aug | Sept | Oct | Nov | Dec |
|---|---|---|---|---|---|
| $5067 | $5333 | $5600 | $5867 | $6133 | $6400 |
Using my doubling-per-year metric, Bitcoin could crash to $5600, however to get there would have taken a bigger bubble than what we ended up with. Normally when Bitcoin crashes to the baseline it's lost 85% of it's value because it was so overwhelmingly bubbled. We are in a totally different market at the moment.