Bitcoin Price Road-map by Terry Kinder – Terry Kinder’s Random Acts of Thought

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.

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

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

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Source – Terry Kinder’s Random Acts of Thought

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The Daily Coin

Rory Hall, The Daily Coin. Beginning in 1987 Rory has written over 1,000 articles and produced more than 300 videos on topics ranging from the precious metals market, economic and monetary policies, preparedness as well as geopolitical events. His articles have been published by Zerohedge, SHTFPlan, Sprott Money, GoldSilver, Silver Doctors, SGTReport, and a great many more. Rory was a producer and daily contributor at SGTReport between 2012 and 2014. He has interviewed experts such as Dr. Paul Craig Roberts, Dr. Marc Faber, Eric Sprott, Gerald Celente and Peter Schiff, to name but a few. Don't forget to visit The Daily Coin and Shadow of Truth YouTube channels to enjoy original videos and some of the best economic, precious metals, geopolitical and preparedness news from around the world.