Next peak and trough

[Joe200]

What will be the next peak? What will be the trough after that?

Pure wild guessing or wishful thinking is OK only if you have been around for awhile. Back your prediction with solid reasoning if you can.

I will go first. Peak at $6000. Trough at $1500. This is a wild guess based on eyeballing. I don't place any stock in it. I want to hear your predictions and your reasons. Go.

[Traderx]

peak 2k , new bottom above 1k

[zimmah]

If the peak would be $6000 the trough would be closer to $3000 than to $1500 IMO.

but a peak of $6000 seems reasonable.

[alani123]

I don't think that it'd be unlikely for the ATH to be broken again I in this year, there'll just be too much profit taking from late 2015.

[BellaBitBit]

My guess
peak = 1400
trough = 750

[bestluck]

In the next week another boost will occur and at that time the peak will be at $635 or more and then will come to rest at around $610 to $628,
as it is the correction phase and it occur in any trade we involve with in exchanges of any good and about the trough, i think now the price will rise and rise.

[Super Raju]

I think Peak at $1000

[Biodom]

Peak     $4500
Trough  $1250

[Nahl]

next peak = $1200
trough = $700

i think this is not wild guessing and possible to happen this year

[harizen]

Pure wild guessing or wishful thinking is OK only if you have been around for awhile. Back your prediction with solid reasoning if you can.

You didn't state your solid reasoning. How come we can share thoughts of it.

I want to start with your analyzation.

[Miladran]

peak = 1200
trough = 700

[rjclarke2000]

Pure wild guessing or wishful thinking is OK only if you have been around for awhile. Back your prediction with solid reasoning if you can.

You didn't state your solid reasoning. How come we can share thoughts of it.

I want to start with your analyzation.

He said IF you can give reasoning then do so and he also said his prediction was a wild guess just from eyeballing.

[Joe200]

If the peak would be $6000 the trough would be closer to $3000 than to $1500 IMO.

but a peak of $6000 seems reasonable.

During the crashes, price eventually drops by more than 50%. Even if the initial crash is 50%, during the bear market, it will likely go below that initial drop.

[Joe200]

I don't think that it'd be unlikely for the ATH to be broken again I in this year, there'll just be too much profit taking from late 2015.

You might be right.

Can you describe this more? You're saying people will be selling just to break even? But they see the price finally skyrocketing. They waited this long, and now they will sell? How does that work?

[Joe200]

Peak     $4500
Trough  $1250

This is plausible. Can you say more about how you came up with these numbers?

[Joe200]

next peak = $1200
trough = $700

i think this is not wild guessing and possible to happen this year

That's a very small drop from 1200 to 700. Would the price skyrocket off of 700 then? Or are you saying it will be a bear market to 700 and it won't rise for awhile.

[~Bitcoin~]

Its better to expect new peak after this 570$ level could be 650$ and may keep pumping till halving but i don't think we will see new ATH so 800$ could be the price of bitcoin on halving.

[zimmah]

If the peak would be $6000 the trough would be closer to $3000 than to $1500 IMO.

but a peak of $6000 seems reasonable.

During the crashes, price eventually drops by more than 50%. Even if the initial crash is 50%, during the bear market, it will likely go below that initial drop.

I don't think there will be a bear market.

If there's a bear market, it's likely late 2017 and/or 2018.

Definitely not late 2016 and early 2017, since the effect of the halving will prevent a bear market.

[Joe200]

I don't think there will be a bear market.

If there's a bear market, it's likely late 2017 and/or 2018.

Definitely not late 2016 and early 2017, since the effect of the halving will prevent a bear market.

Good point. So you're saying it will crash to something like $3000 and then rebound from there to another ATH? That should be an exciting ride.

[zimmah]

I don't think there will be a bear market.

If there's a bear market, it's likely late 2017 and/or 2018.

Definitely not late 2016 and early 2017, since the effect of the halving will prevent a bear market.

Good point. So you're saying it will crash to something like $3000 and then rebound from there to another ATH? That should be an exciting ride.

i consider that to be the most likely scenario, yes.