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