The short answer is yes, and I will show you exactly how and why.

First let us define what a bubble is, according to Investopedia.com:

Here are the common phases of a typical bubble

And this is what Bitcoin's chart looks like right now using a 3-day interval for bars:

Now the two pictures overlaid:

It appears that we are in the "capitulation" phase right now leading into the "despair" zone.

Now here are the Bitcoin charts with Bollinger Bands so we can see some ranges and averages:

Now the big question is where will we bottom out?

One thing I know for sure is that just when you think it's over something else suddenly happens. I truly believe in the fundamentals behind this new technology and know that it will revolutionize the world. There will undoubtedly be many speedbumps during the way so be prepared. I'm along for the ride no matter what comes our way :-)

We will continue to see many more of these "bubble" cycles over Bitcoin's lifetime, each greater than the last.

*Never invest more than you are willing to lose and always do your own research before making any investment decisions.
(All pictures are free domain images from snappygoat.com or created by myself.)

Did Bitcoin Just Bubble?

The short answer is yes, and I will show you exactly how and why.

First let us define what a bubble is, according to Investopedia.com:

Here are the common phases of a typical bubble

And this is what Bitcoin's chart looks like right now using a 3-day interval for bars:

Now the two pictures overlaid:

It appears that we are in the "capitulation" phase right now leading into the "despair" zone.

Now here are the Bitcoin charts with Bollinger Bands so we can see some ranges and averages:

Now the big question is where will we bottom out?

We will continue to see many more of these "bubble" cycles over Bitcoin's lifetime, each greater than the last.