Prices have already recovered to $15k according to preev. So, is it possible for bitcoin prices to return to its $19k peak by year eand if we follow current trend. The prices were at about $13k yesterday and today its risen by $2k. If it rises like this everyday until the end of the year, we might even exceed the bitcoin peak.
One thing is clear though, all the doomsayers who claimed the bubble was popping are wrong. The recovery is clear and that drop was nothing short of a miscalculation by investors, who now realise their mistakes and are buying back bitcoins.
One thing is clear though, all the doomsayers who claimed the bubble was popping are wrong. The recovery is clear and that drop was nothing short of a miscalculation by investors, who now realise their mistakes and are buying back bitcoins.
I think there could be a recovery before the year ends, or maybe not until vacations are over. Maybe $15000-$16000 by the end of the year. I remember that predictions are not beyond $15000.
I still think that the spending influences the prices. I am not saying that this is the only reason, I think it's just one of the factors.
FUDs are pretty much confusing newcomers also.
Well, yes I do believe that there is no bubble to pop, since bitcoin are having a bit of a conflict, many are taking advantage of spreading for bad news and profit from alts themselves. They don't learn I guess. Hopefully resolutions and more development this coming year.
