Bitcoin Keeps Bouncing Off Moore's Law Support


bitcoin-dec-march-2019.png

When Bitcoin crashed down to $3200 I got very suspicious that its base value may be doubling every year, quite consistently.

The bears keep telling us the price needs a new bottom, but the bottom seems to continue bouncing off this invisible line that no one but me is talking about. Am I taking crazy pills?


2013201420152016201720182019
$100$200$400$800$1600$3200$6400


JanFebMarAprilMayJune
$3467$3733$4000$4267$4533$4800
JulyAugSeptOctNovDec
$5067$5333$5600$5867$6133$6400

On February 8th the price of Bitcoin was $3400. Everyone was calling for further losses. According to this Moore's Law theory, the base value should have been around $3700. The next day the price bounced to $3660.

On March 4th and March 26 the price took a slight dip and everyone panicked. The next day further gains were made.

I'm calling it. The bottom is in. Once technical analysis confirms this a lot of the bears are about to turn very bullish.


bitcoin-2018-resistance.png

Traders are waiting for this scary-Larry resistance line to get broken.
I am not. Breakout incoming.

The block reward halfening gets closer every day.

I think in April the price will spike to $6k, then there will be a bear trap down to $5k,
with huge gains to be made in the summer time ($12k).

A bull can hope.

Financial advice blah blah blah.

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