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...
Small consolidation triangle (rising wedge) showing that we should hit 10k within the next 4 hours with confidence.
Using the parallel channel method drawing in the trendline from Sept. 15th low point until now, I would guess with 90% certainty that the price of bitcoin will fall between 8000 and 12000 by December 31st. This is assuming no parabolic gains around Dec. 11th due to the CME, and assuming no whale sell offs around 10k.