the latest price run and what next?

[jubalix]

Ok I was genuinely surprised to see BTC go over 1K recently.....

my prediction was a floor between $100 - $700 at the end of this year. I know its wide but that's the upper an lower bounds of my log graph.

I thought there had to be crash, and it would be lower than the 500 - 600 level, maybe 250 - 350, or even 170.

It seems we may see a slow slide punctuated by a few sharp drops to 500 or sub 500.....would not be out of the question now.

Equally it could rise to +1K very easily and above.

What I do think is correct though is a order of magnitude (10) increase every 12 - 13 months, until saturation

[faizaa123]

it's feasible that we see $500 before the new year, but i truly think that btc hits 2k sooner rather than later.

[CoinGeneral]

I predict $940 before the end of the year

[Logik]

Dips or flash crashes in the high hundreds is pretty believable. Under $500 is just not realistic unless there is some huge, bad event. There's far too much buying pressure.

Sideways around $1K is the most likely and up or down from there based on what really ends up happening with this rumoured institutional money, EU bail-ins etc.

[TERA]

Meanwhile the 4 hour trend has reversed upwards at $950... What is happening? Do you guys still expect these drops to the 6/700s?

[Sindelar1938]

$2k by March/April

Expect to see more SV led investment in the ecosystem

[tdenisenko]

1k in 1-2 days and 1.2k-1.5k in the new year. Probably 2k by february.

[piramida]

Meanwhile the 4 hour trend has reversed upwards at $950... What is happening? Do you guys still expect these drops to the 6/700s?

possible, but I would not bet much on it.

[windjc]

Meanwhile the 4 hour trend has reversed upwards at $950... What is happening? Do you guys still expect these drops to the 6/700s?

If the bears can't push this lower before Monday, then watch out. I think this is the bear's last stand so to speak.

[NUFCrichard]

Ok I was genuinely surprised to see BTC go over 1K recently.....

my prediction was a floor between $100 - $700 at the end of this year. I know its wide but that's the upper an lower bounds of my log graph.

I thought there had to be crash, and it would be lower than the 500 - 600 level, maybe 250 - 350, or even 170.

It seem we may see a slow slide punctuated by a few sharp drops to 500 or sub 500.....would not be out of the question now.

Equally it could rise to +1K very easily and above.

What I do think is correct though is a order of 10 increase every 12 - 13 months, until saturation

I know the bitcoin world is crazy, but you thought that it could fall from $1200+ to $170?  That is a HUGE fall.  I think an actual ban of Bitcoin in America and China would be required to get the price back to that leel now.

[Jrock]

I was semi bear at one point. Now I'm 85% long 15% trading/gambling. The truth is any trader is going to have their hand bit eventually.

Bears have really been getting squeezed the last couple of weeks IMO.

[jubalix]

Ok I was genuinely surprised to see BTC go over 1K recently.....

my prediction was a floor between $100 - $700 at the end of this year. I know its wide but that's the upper an lower bounds of my log graph.

I thought there had to be crash, and it would be lower than the 500 - 600 level, maybe 250 - 350, or even 170.

It seem we may see a slow slide punctuated by a few sharp drops to 500 or sub 500.....would not be out of the question now.

Equally it could rise to +1K very easily and above.

What I do think is correct though is a order of 10 increase every 12 - 13 months, until saturation

I know the bitcoin world is crazy, but you thought that it could fall from $1200+ to $170?  That is a HUGE fall.  I think an actual ban of Bitcoin in America and China would be required to get the price back to that leel now.

I guess the last 250 to 50 gave some precedent for 5x drop, so 1200 / 5 =  240.....+ some extra volatility, plus the 32 to 2 slide gives a 16 x loss....so yeah I  *thought* it possible, I'm not a bear by the way, kinda perma bull, but sorta not as well, as I just don't think I can bear to bring BTC back to FIAT (no pun intended)

[Logik]

Ok I was genuinely surprised to see BTC go over 1K recently.....

my prediction was a floor between $100 - $700 at the end of this year. I know its wide but that's the upper an lower bounds of my log graph.

I thought there had to be crash, and it would be lower than the 500 - 600 level, maybe 250 - 350, or even 170.

It seem we may see a slow slide punctuated by a few sharp drops to 500 or sub 500.....would not be out of the question now.

Equally it could rise to +1K very easily and above.

What I do think is correct though is a order of 10 increase every 12 - 13 months, until saturation

I know the bitcoin world is crazy, but you thought that it could fall from $1200+ to $170?  That is a HUGE fall.  I think an actual ban of Bitcoin in America and China would be required to get the price back to that leel now.

I guess the last 250 to 50 gave some precedent for 5x drop, so 1200 / 5 =  240.....+ some extra volatility, plus the 32 to 2 slide gives a 16 x loss....so yeah I *thought* it possible, I not a bear by the way, kinda perma bull, but sorta not as well, as I just don't think I can bear to bring BTC back to FIAT (no pun intended)

I admire your logic, but the 250 to 50 was more like 250 to 100. In this context, that is like 1200 to 480, which we approximately reached during the Chinese anti-rally albeit for a shorter period.