We are going to see a big surge in price and it will happen in a course of days, remember that last time we went from 600 to 1000 it took less than 15 days, so once it starts pumping and we get in the 800 territory, panic buy will kick in, 800 and 900 will go out quick and we will be sitting at 1000+, some people will panic sell at 1000+, it will correct a little, less than people think, then the people that missed the boat will jump in as soon as it goes below 1000, pushing the price to the next ATH.
I'm of the same opinion as the @Nahl, @uki and @1Referee
we was already discuss similar thread such as this when facing next halving even some people says the price will went to $1000 rapidly after halvng but that doesn't happening and also compare the previous situations is not good for predict the price movement and i don't think $1000 will be new ATH on 2016 and even for the beginning of 2017 probably the price will stay on $800 below so OP had just make pure of speculations here
If we don't reach the top of this year before going down we will paint a double top formation with lower second top on the charts. That will look technically very ugly.
I am not even saying about the possibility of reaching $1k price. Now it seems the steam is over and as there are no hard facts to support this high price, we should correct soon.
I was anyway surprised how good and long we stay above $750.
If we don't reach the top of this year before going down we will paint a double top formation with lower second top on the charts. That will look technically very ugly.
I am not even saying about the possibility of reaching $1k price. Now it seems the steam is over and as there are no hard facts to support this high price, we should correct soon.
There isn't any real incentive to go higher from the $750 levels, where I am strongly believing in a serious correction that is heading towards us any time this year. People dreaming about $1000 to happen this year will get smacked in their face real hard.
I was anyway surprised how good and long we stay above $750.
I think it's just being kept at current levels by whale traders to get rid of a large part of their stash before they make the price tank real hard. After that they buy back at ~$600. It's a game that they play very well.
Not this year.
Only a few words, but these words make more sense than all other dreamers here thinking the price will reach the $1000 level this year.Bitcoin still struggling to go above $750... I can't see how it will reach $1k within this year.... maybe next
It is but I think that it has a good future and that it will still reach this amount this year it just need some weeks to do this in my eyes.
It can maybe reach this amount but we still have to see this, lets hope it will, I have some good hope on it but you never know it of course.
I think that its possible with some luck.
well,
wishful thinking is one thing,
the reality is the other.
currently there are no fundamental reasons to support higher valuation of Bitcoin.
A pump may bring the price a bit higher than we are right now, but looking back to the halving pump, we hardly exceeded $800. I don't see why this time should be different (better).
They: @Nahl, @uki and @1Referee. made very realistic comments
that currently we are overly bullish in here.
Most people are relying on faith, which in my opinion is something they should not do