This prediction is based on a comparison with the dotcom bubble.
I wanted to compare the price development of Bitcoin with that of a previous bubble, namely the dotcom one.
I extrapolated the data to infer (an unknown) from something that is known
———
The percentages are taken from the rise and fall of the nasdaq chart, and I applied them to the bitcoin chart.
The percentages seem to be 'magically' correlated with round numbers for bitcoin.
This is the Nasdaq comparison chart:
(I used the weekly chart to compensate for the speed difference)
I wanted to compare the price development of Bitcoin with that of a previous bubble, namely the dotcom one.
I extrapolated the data to infer (an unknown) from something that is known
———
The percentages are taken from the rise and fall of the nasdaq chart, and I applied them to the bitcoin chart.
The percentages seem to be 'magically' correlated with round numbers for bitcoin.
This is the Nasdaq comparison chart:
(I used the weekly chart to compensate for the speed difference)
Comment:
Comment:
Inline with a major trendline:
Comment:
Comparison
Comment:
Astoundingly similar...