PentarhUdi

New long term prediction as I see it now

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
This post is my updated vision to Bitcoin future price dynamics in context of broken all time log trend (blue in picture).
So the Bitcoin lost its huge momentum to stay in this trend - this was going to happen sooner or later.
As the technology being adopted - it loosing its blowing popularity and leaving straight-style log trend while continue to grow in SQRT-style trend (green in picture) more smoothly. I had difficulties to draw this green trend using regular tools, so it is not really accurate.
So this is the basic idea behind this post, and i thought about it for years and now here it is.
I think Bitcoin price will follow next steps in future:
1. Finding a local bottom. Should be at 1300-3000 range. Should not break previous lower low at $159 (lol). But i think it should be 4-digits. Nearest weeks.
2. As it dropped fast - as it should bounce fast to retest lost $6000 level and log trend at around 10000-20000. 2019-2020 AD.
3. Then it should fall back to ~6000 support. This should happen up to 2020 AD.
4. Go to new highs. Beyond 2020 year.

Bitcoin technology will eventually find its place in human society after 2020 AD. And its price will become relatively stable in any mid term and slowly climbing in long term.

This is the stairway from current bear hell as I see it.
The only issue that I have is that for Bitcoin to be stable we will need massive adoption, so far world adoption of Bitcoin is under 1%. So if we were to reach even 20% that would put Bitcoin way way higher than were we are right now. Just to think there isn’t enough single digits of Bitcoin for a city like Tokyo! I expect a break to the upside of the log channel to start a Multiple S curve adoption! :D
+1 Reply
I still think this going to play out.
+1 Reply
So my original idea from January 4, 2019 at which many people rolled their eyes and commented "oh no, never ever" was probably right!
Today it looks like this. We will see...
Reply
is this still valid?
+3 Reply
BuyGanyo DukeDinhd6
@DukeDinhd6, looks valid
+3 Reply
nathan8 DukeDinhd6
@DukeDinhd6, Look at the charts, of course, it is!
+1 Reply
I haven't forgotten about this post. Masterluc predicted this rally here and called for a retest of the previous straight exp trend. This would mean that this rally could top around 10-13k, unexpected to almost everyone. Everyone expecting a pullback at 6500.
It would be insane if this came to pass as drawn in this chart here.
+15 Reply
DukeDinhd6 FlaviusTodorius67
@FlaviusTodorius67, I think this will play out. Still looks valid to me
Reply
New long term prediction as I see it now
+2 Reply
Poukitoun ReallyMe
@ReallyMe, never :) but good luck with that :)
Reply
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