You might be thinking this is a stupid thing to say. Numbers don't lie. Clearly $20000 > $9000. Well I'm here to say that this is wrong. Market cap liquidity is an extremely poor measure of value. Never before has Bitcoin ever had this much support worldwide. From institutions to corporations to the little guys, Bitcoin's network and infrastructure are ever-expanding.
Bitcoin has never had a value of $9000 before. Sure, it hit $9000 on the way up to $20k and on the way down to $3.2k, but there was never any support at this value. Now we are seeing support.
Using crude and amateurish methods of technical analysis, we can see that $7500 is an extremely critical value.
$7500 was a resistance line three times while it was a support line six times after that. It's going to be very hard for Bitcoin to dip under this value simply from the technical pressures of liquidity trading.
I've been talking about for months now about how I thought June 15 might be the start of something big. I was happily surprised to see that I got the exact day right. Lucky.
Prediction
Bitcoin will spike up to $12k and then crash to $7500 in September/October. All bets are off when we hit the Christmas bull run. The speculation is massive. The proof-of-work halfening is going to be priced in earlier than ever before.
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 |
|---|---|---|---|---|---|---|
| $100 | $200 | $400 | $800 | $1600 | $3200 | $6400 |
| Jan | Feb | Mar | April | May | June |
|---|---|---|---|---|---|
| $3467 | $3733 | $4000 | $4267 | $4533 | $4800 |
| July | Aug | Sept | Oct | Nov | Dec |
|---|---|---|---|---|---|
| $5067 | $5333 | $5600 | $5867 | $6133 | $6400 |
Don't forget, the base value of Bitcoin is still $4800 imo. Bitcoin could dip down to this value. However, volatility breeds volatility. It seems like the only way for it to dip down to its base value is if it first spikes x10 higher than that ($50k)
Disclaimer
I am the Bitcoin Oracle. Everything I say from a speculation standpoint is guaranteed to come true exactly as I say it will happen. Risk everything on my amateur predictions because I'm never wrong.