Some of the delusional minds here think that a cup and handle is forming or double shoulders making for crazy future prices.
So bitcoin price growing is simply effect of delusional minds?I would like to remind everybody that this is not the case. This is a pure bubble that's on extreme tension.
The 2013 peak was caused by a hack, a bot at MtGox, not by real market trading. It is a false indicator and should be completely ignored in any TA.
You are exactly right, 2013 bubble was caused by bot, Chinese speculators and high margin trading.The 2013 peak was caused by a hack, a bot at MtGox, not by real market trading. It is a false indicator and should be completely ignored in any TA.
This time is totally different though, we have growing adoption, Japanese bitcoin acceptance is driving the market.
There is a high chance that Russia will accept Bitcoin in 2018 too.