I posted a comment relevant to this blog on my subsequent blog Our Bitcoins Will Be Taken/Frozen By the Miners; Involuntary INCOME Tax on Frozen Bitcoin!:
P.S. The winner of the BCTalk Ten Year Anniversary art contest is impressive art:
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The following agrees in timing and prices with alternative mathematical analyses I have shared in private email for my expectations between now and the May 14, 2020 halving. Note GRS/BTC has already lead out of the bottom as I expected it would. LTC/BTC should soon lead BTC out of the bottom as well, with BTC blasting off around the end of the year. It seems to indicate (factoring in 2/3 timing from my other analysis) a new $24–26k ATH in Jan/Feb 2020, then a dip to ~$15–19k, then a ~$35–40k price at the halving, then dip to prior ATH, then $300–400k before end of 2020. Additionally, due to Precisely Why Bitcoin Is Re-accelerating, the 2020 ATH could be $2+ million:
That’s similar to the projection guesstimate I posted on BCTalk a month ago:
Which was an update to the projection guesstimate I posted 8 months and re-posted 6 months ago:
Another bullish way to visualize:
More bullish analysis which was also conceptually included in a more detailed analysis I posted in mid-November (almost two weeks ago):
(click to zoom to source)
(click to zoom to source)
(click to zoom to source)Due to the “tweening” I explained in my linked analysis and factoring in the last chart above, there should be an initial new ATH at
2.414Xgreater than the prior ATH (i.e. thus2.414 × $19.7k = $47.5k) before the May 2020 halving.Amazingly that said detailed analysis I had posted, also concurs with the “Gaussian channel” analysis:
Gaussian channel. Exponential moving averages applied multiple times. Prints clear cyclical trends and buying opportunities.
A very bullish inverted head-and-shoulders (H&S) pattern is developing:
Multiple technical indicators that a breakout to the upside is imminent:
Note before liftoff a decline to higher low (e.g.
~$6.6khigher than~$6.5k) during December would be consistent with the broadly interpreted fractal pattern from the$3.1kbottom at the start of 2019. One posited scenario is:@Paashaaswrote on BCTalk:
I love how sentiment changed quickly from:
To:
@micgoossens wrote on BCTalk:
Bitcoin explosion is in the air.
The volumes at Bakkt are broken almost daily. If we assume that the volume on a coin market cap is 90% fake and Bakkt represents true volumes, then Bakkt is now more than 1 percent of the total volume on market cap. Here Bakkt comes to the point that they need so many bitcoins that there will be a shortage on the market. It is only a quarter to two in the afternoon and the trade in America has yet to start and Bakkt is already at 10 million volume. Today or tomorrow, Bakkt will cover the 25 million bitcoins. That is equal to 1 / 8000th part. Enough to make the market explode. I expect the bitcoin to be at $ 25,000 within a month. Then another 50,000.
Now maybe. the moment to buy inA friend just send me this
true[through] what’s app from one or other Belgian link, I don’t know (can’t provide) the true source, but what you thinking about this??The institutional money may be front-running the imminent price jump at the May 2020 halving per PlanB’s stock-to-flow model valuation. Note except for the seasonal FOMO crowd, the general public is still nonplussed about Bitcoin and waiting for a mainstream crypto/blockchain “killer app”:
Wait for the humorous, salient punchline at the 1 min. mark in the above Twitter video clip.
RE: Bitcoin’s Whiplash Bear Trap