Based on the last 3-4 Bitcoin price spikes, the next one is coming very soon, around August/September of 2014.
Note: For some reason the top of the purple parallel lines is way too high. It should be touching the top of each spike. I am new to tradingview graph tools and I couldn't seem to make it remember my setting for some reason. The bottom of the purple box is in the correct location.
The price also appears that it will reach above $5,000 with the next spike, possibly as high as $6,500. After that it will sharply decline in correction as historically has always happened after each spikes. But it will settle to a new high, possible around $2,000.
This was made by user "colinistheman" on bitcointalk.org forums
Note: For some reason the top of the purple parallel lines is way too high. It should be touching the top of each spike. I am new to tradingview graph tools and I couldn't seem to make it remember my setting for some reason. The bottom of the purple box is in the correct location.
The price also appears that it will reach above $5,000 with the next spike, possibly as high as $6,500. After that it will sharply decline in correction as historically has always happened after each spikes. But it will settle to a new high, possible around $2,000.
This was made by user "colinistheman" on bitcointalk.org forums