Trend predictions based on current market conditions as of November 29th. Using a logarithmic y-axis scale.
Strong growth channel #2 (light green parallel channel) indicates that the price of bitcoin will be in the range of 12,600–15,500 USD by December 10th–11th right around the time of adoption into bitcoin futures trading on the CME. The average price of that range falls on ~14,000 USD for nearing that date. This is assuming no massive sell offs, and following the current strong bullish market growth channel.
Growth channel #1 as the baseline trend that is overlaid (darker green channel) suggests a similar maximum price range, around 13,000 USD, and an absolute minimum dip around 8,000 USD. This is a counter prediction to the assumption above, because this suggests that a big sell off is actually possible, though from what I've seen is unlikely. It would likely rebound shortly after anyway back to the >10k range after the CME adoption.
In short, this gives predictions for the price of bitcoin on December 10th-11th at between 12,600 and 15,500 USD. With a broader range of 8,000 to 15,500 at 95% confidence.
Strong growth channel #2 (light green parallel channel) indicates that the price of bitcoin will be in the range of 12,600–15,500 USD by December 10th–11th right around the time of adoption into bitcoin futures trading on the CME. The average price of that range falls on ~14,000 USD for nearing that date. This is assuming no massive sell offs, and following the current strong bullish market growth channel.
Growth channel #1 as the baseline trend that is overlaid (darker green channel) suggests a similar maximum price range, around 13,000 USD, and an absolute minimum dip around 8,000 USD. This is a counter prediction to the assumption above, because this suggests that a big sell off is actually possible, though from what I've seen is unlikely. It would likely rebound shortly after anyway back to the >10k range after the CME adoption.
In short, this gives predictions for the price of bitcoin on December 10th-11th at between 12,600 and 15,500 USD. With a broader range of 8,000 to 15,500 at 95% confidence.