I have been closely watching bitcoin, and my bull run target is still the same and it is past due from my projection but don't think that it isn't coming but that is just temporary, I only see the long term.
By looking at the average bitcoin has averaged 600-700ish a month, from January to August of last year. If you impute that data to this month, you get about 9000-9400 and the target for the price as the average would predict, right where we are, and if you go back far enough, bitcoin has followed the law of averages for the last 2 years, with an ever increasing average over time, at the current average, we will see about 15,000-16,000 by the end of the year, but bitcoin never moves in a straight line.
Hodling bit coin should be a safe long term investment at the current price based on the law of averages,
By looking at the average bitcoin has averaged 600-700ish a month, from January to August of last year. If you impute that data to this month, you get about 9000-9400 and the target for the price as the average would predict, right where we are, and if you go back far enough, bitcoin has followed the law of averages for the last 2 years, with an ever increasing average over time, at the current average, we will see about 15,000-16,000 by the end of the year, but bitcoin never moves in a straight line.
Hodling bit coin should be a safe long term investment at the current price based on the law of averages,