Corben

Corben

follow the violet arrows which indicate the trend. the purple and red arrows are corrections or short term trends. the end 2016 price level is just a guess which may also be 800 or 4000. A target prize level far below that is unlikely due to the reasons below .. as before it is clear that the market cap is a result of the global Bitcoin activity or number of...

Corben

Normal development until Jan 2013 Cyprus crysis in Apr 2013 then consolidation on higher level until Oct 2013 Oct-Dec 2013 Willy bot pumps the price level over 1000 USD - there is no economic base for that high price level Investors (not users) are in conflict with their investment which leads to another consolidation with a dip down to the previous...

Corben

1y chart for BTCEUR in logarithmic scale