I did an analysis about a week ago, projecting bitcoin price using BTC price trend from July 15th to Sept. 1st.
I added the closing price for the past 6-7 days and it seems like it quite follows the red dotted trends in my graph earlier (times a factor < 1).
The real data is about 15-20% lower than the red dotted line so if we take the peak of the red line ($8,000) and multiply it by (-15%) to (-20%) we arrive at the numbers below:
Highest peak price: 8,000 + (-15%) = $6,800
Lowest peak price: 8,000 + (-20%) = $6,400
Data Source:
- coinmarketcap.com
- https://steemit.com/bitcoin/@ka82/5rhmzz-will-btc-reach-usd8-000-before-it-crashes