The bears keep telling us the price needs a new bottom, but the bottom seems to continue bouncing off this invisible line that no one but me is talking about. Am I taking crazy pills?
| 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 |
On February 8th the price of Bitcoin was $3400. Everyone was calling for further losses. According to this Moore's Law theory, the base value should have been around $3700. The next day the price bounced to $3660.
On March 4th and March 26 the price took a slight dip and everyone panicked. The next day further gains were made.
I'm calling it. The bottom is in. Once technical analysis confirms this a lot of the bears are about to turn very bullish.
Traders are waiting for this scary-Larry resistance line to get broken.
I am not. Breakout incoming.
The block reward halfening gets closer every day.
I think in April the price will spike to $6k, then there will be a bear trap down to $5k,
with huge gains to be made in the summer time ($12k).
A bull can hope.
Financial advice blah blah blah.