https://bitcointalksearch.org/topic/the-reason-its-hard-to-predict-the-btc-price-right-now-and-in-the-near-future-1132585
The reason it's hard to predict the BTC price right now and in the near future
Global deflationary depression
Things like oil and gold are down, cash liquidity in other areas drying up. The fact that Bitcoin actually went up during this time period seems like a kinda bullish sign. If governments print money to try and fight it, the money doesn't actually circulate, it just goes into pockets of people who already had millions in the bank. The demand for super luxury goods has been going up because of this, while the normal economy goes down.
Eventually, these people playing musical chairs with stocks and fiat notes will have to leave it for something else, presumably things like gold, bitcoin, or both. The only question is how low is everything going to go before it explodes upward.
