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Bitcoin Price Road-map

With Bitcoin seeming to set price records on a daily basis, you may be asking, “Can the Bitcoin price continue to rise?” The short answer is, yes. The long answer involves taking a look at the Bitcoin Price Road-map.

bitcoin-2007769_1280

The big picture Bitcoin Price Road-map is as follows (based on Murrey Math):

8/8 – 10,000.00

7/8 – 8,750.00

6/8 – 7,500.00

5/8 – 6,250.00

4/8 – 5,000.00

3/8 – 3,750.00

2/8 – 2,500.00

1/8 – 1,250.00

0/8 – 0

The “Picture-in-Picture” view of the Bitcoin Price Road-map is:

8/8 – 5,000.00

7/8 – 4843.75

6/8 – 4687.50

5/8 – 4531.25

4/8 – 4375.00

3/8 – 4213.75

2/8 – 4062.50

1/8 – 3906.25

0/8 – 3750.00

road-259815_1280

Given the current price trajectory of Bitcoin (and some underlying knowledge of how Murrey Math Cycles work) a target price of $5,000.00 would be well within reason.

After this, especially if you are speculating use caution as the Bitcoin Price Road-map suggests the possibility of a 50% decrease in price from $5,000 to $2,500.00.

Short-term, taking a look at the “Picture-in-Picture” view of the Bitcoin Price Road-map, the expectation is that price will run up to around $4,375.00 before potentially backing off to around the $4,062.50 level.

Medium-term to longer-term, once the Bitcoin price hits $2,500.00 again, then that opens the door to a move all the way up to the $10,000.00 level.

BONUS: Bitcoin Probable Price Range for 8-13-17

Bitcoin Probable Price Range Low:

3570.00

Bitcoin Probable Price Range High:

4134.38

Note: Bitcoin Probable Price Range based on data from Quandl

Update 9-13-17

One month later the Bitcoin Price, after rising to above 5000 is now close to 3850. Look for Bitcoin to work its way to the 2500 to 2700 level. It would not be out of the question, due to group psychology, for the price to even drop below this level. Cyclically, however, somewhere near 2500 would be expected.

Disclaimer: The information provided here is for informational purposes only. It should not be considered legal or financial advice. You should consult with an attorney or other professional to determine what may be best for your individual needs.

Author does not make any guarantee or other promise as to any results that may be obtained from using this content. No one should make any investment decision without first consulting his or her own financial advisor and conducting his or her own research and due diligence. To the maximum extent permitted by law, author disclaims any and all liability in the event any information, commentary, analysis, opinions, advice and/or recommendations prove to be inaccurate, incomplete or unreliable, or result in any investment or other losses.

Content contained on or made available through the website is not intended to and does not constitute legal advice or investment advice and no attorney-client relationship is formed. Your use of the information on the website or materials linked from the Web is at your own risk.

 

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