You can see everyone predicting the price they deemed suitable, but on what basis they are making these predictions and that is what i cannot understand, if you are skeptic you can say that he is hyping it because he holds bitcoin, his theory is that since the trading volume started increasing we might see another bull run.
Another bull run that could propell us to 25k? I don't think that's going to happen anytime soon though. A lot of experts have their own predictions about btc's end price this year and thinking about it really can confuse you on how they.come up with those figures.
i agree with this but what i say is that we won't see such a big bull run as long as nothing changes. the problem is that we can't predict what is going to happen in the future and because of that we can't predict the price!
for example if there is no big good or bad news price will continue on this slow rise upwards and can reach somewhere around $15k by the end of the year.
but things change a lot. like last year when we suddenly saw mass adoption in Japan start. if this year something like that happens we can see price shoot up to $25k-50k easily.
Just don't be surprised because those who have been very bullish usually has a lot of vested interest on the ecosystem. They wanted to influence the masses to get and purchased bitcoin so that the price could go up making their position very advantageous to them. Similar to what John McAfee, he stated that bitcoin will get to 1 million. Such confidence to say, but we all know that his prediction doesn't have any TA to back it up, maybe he just blurted it out to influence most of his followers to put their money on the ecosystem so that his position can improved in the future.
