BTCUSD - Monthly Candle Chart - Defined by The Halvenings

18 lip 2017

When BTC halves, it goes parabolic. Then it falls, but retains general upward trajectory. The drop off from the November-2013 apex (solid green) bottomed at the previous highs from April-2013 (solid cyan). We just peaked at $3,000 and I believe we're going downhill for a while. Hopefully we'll bottom (dotted blue) around $1,200 and start to go exponential at the next halvening (dotted green). BTC has always been a long-term investment. The constrained supply (mined periodically and predictably, yield halving every 4 years) results in an ever-uptrending level of demand, and thus price. To $7,500 and beyond!

All the other cryptocurrencies will continue to revolve around Bitcoin's price as long as it maintains core relevancy...