Looking at the growth trend of bitcoin from 2012, it can be seen that each time the price crosses the major governing trend line it takes about 100 days to reach the bottom. This time however it has taken about 150 days. If the bubbles timelines are proportional to one another the next crossing should be 180-200 days from the bottom on the 9th of May.
The price at...
The previous recoveries have followed the same pattern, one can only assume the same for the future as the best indicator of what is to come. It would seem the only appropriate way to view bitcoin is in the log scale where the major trend lines stay true. If the 680 resistance is not broken in the next few days it will be in the coming week.
Let the bull run...
If history does not repeat, but only rhymes then we are in for one hell of a ride again in the next few months.
My theory here is that the rises in bitcoin price are not due to any particular news, it is the increased adoption that drives the price through the alltime highs and the unsustainability of the exponential curve brings it crashing back down. People...
