We can see a Bitcoin price between 6,400 to 6,800 this week

[ka82]

I did an analysis about a week ago, projecting bitcoin price using BTC price trend from July 15th to Sept. 1st.

I added the closing price for the past 6-7 days and it seems like it quite follows the red dotted trends in my graph earlier (times a factor < 1).

The real data is about 15-20% lower than the red dotted line so if we take the peak of the red line ($8,000) and multiply it by (-15%) to (-20%) we arrive at the numbers below:

Highest peak price: 8,000 + (-15%) = $6,800
Lowest peak price: 8,000 + (-20%) = $6,400

Data Source:

• coinmarketcap.com
• https://steemit.com/bitcoin/@ka82/5rhmzz-will-btc-reach-usd8-000-before-it-crashes

Comments

[ramseyman]

spot on

[jamiebu]

I predict the rise will be steady until the fork. Then drop off and alt market will rise.

[ka82]

thank you!

[jamiebu]

I predict the rise will be steady until the fork. Then drop off and alt market will rise