If we look at the longer term 17K seems to be only a first target.
If we stay very reasonable, I think we can reach a lot more if we know how to be patient.
Let's also be ready to see a dump of 20 to 30% on the road to the moon :-)
Nobody knows where the price of bitcoin is heading to for now, but it seems more bullish than ever before since 2018, with the way traders are trading future and margin, I think it is very possible. PayPal and other news related to banks wanting to be providing crypto services are parts of the reason for the increase.
As of now the market is quite stable to move within specific price point. This means it has been growing without much of downward movement. The price reached $15k very fast, but crossing $16000 is supposed to happen slowly. If I'm not wrong we can expect the market to touch $16k by the end of ongoing month. Soon after the same we'll be close to the end days of the year, during those days we can expect assured rise in the market price of every cryptocurrency.
The daily chart shows you have missed the train already but it is very likely that btc will be above 17k because it is very near target if I compare it with the support at @13700. All traders who are fomo'ing in this market shows that we are in for some huge price action and if a drop happens, it will be bigger than the pump. So they keep on buying and the whales too are eating up some high volume sell candles.
Let us see then if it rises or it crashes, though I am positive with the rise to continue and more stable it gets at current price better so that it can sustain the drop and not be a major one if correction had to happen or big investors sell before the new year. Let us hope it can cross 17k or be near that by year end.
A big drop may follow after bitcoin reach a new ATH, since bitcoin price increase gradually instead of instant hence the support levels are more robust than before.
At this point, short is riskier than long position because bitcoin shows the sign of uptrend pattern isn't over yet.
Bitcoin may stay in this sideways pattern for a week before starts to climb higher, just enjoy the current price while it lasts, buys it.
The daily chart shows you have missed the train already but it is very likely that btc will be above 17k because it is very near target if I compare it with the support at @13700. All traders who are fomo'ing in this market shows that we are in for some huge price action and if a drop happens, it will be bigger than the pump. So they keep on buying and the whales too are eating up some high volume sell candles.
Let us see then if it rises or it crashes, though I am positive with the rise to continue and more stable it gets at current price better so that it can sustain the drop and not be a major one if correction had to happen or big investors sell before the new year. Let us hope it can cross 17k or be near that by year end.
Bitcoin has risen its price from the start, which was $0.08 per coin until now which is $14912.
today, I was reading a post on
CoinBazar724.com which was directed from cointelegraph.com saying that
BTC may reach to even $17k!!!
Do you think this is possible?
It is possible in fact Bitcoin is now hovering around $15k and it is slowly increasing, if this continues we might saw Bitcoin touch $17 at the end of this year, perhaps this might occur in the last month.
since BTC is not remained too much, some people say it may even reach $100k!!
in this manner, do you think it is worth the risk to buy bitcoin? 
I just saw literally a thread that says it Bitcoin will pump touch $100k-$200 at the end of the month of the year 2021, he provided some evidence as well. Anyway, I also do hope that happens, it is a little bit exaggerated though coz I doubt Bitcoin will grow that big within a small timeframe but who knows Bitcoin was still hard to predict after all. As a matter of fact, we didn't expect that it will touch $20k are we?
There’s a possibility to hit that price before the year end because the up trend is still there and the correction is very normal, I’m confident that after this small correction bitcoin will continue its trend going up. Invest your free money on bitcoin instead of putting it into your bank accounts, in long term you’ll get more compare to those interest that you can get on the banks, Bitcoin will go up higher in the coming years.
Bitcoin is few step behind for that to happen, we're likely in correction so next 10-15% surge up successfully surpass the margin or even more. Bitcoin had touched $20k almost three years ago, and we're passing intriguing and insane time bitcoin could contact a level past our musings.
thank you all, this means a lot.
however the current prices have worried analysts about the future drops.
