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follow the violet arrows which indicate the trend. the purple and red arrows are corrections or short term trends. the end 2016 price level is just a guess which may also be 800 or 4000. A target prize level far below that is unlikely due to the reasons below ..
as before it is clear that the market cap is a result of the global Bitcoin activity or number of ...
Normal development until Jan 2013
Cyprus crysis in Apr 2013 then consolidation on higher level until Oct 2013
Oct-Dec 2013 Willy bot pumps the price level over 1000 USD - there is no economic base for that high price level
Investors (not users) are in conflict with their investment which leads to another consolidation with a dip down to the previous ...
1y chart for BTCEUR in logarithmic scale