You can already see now that the price of Bitcoin is becoming higher and that would be nice because there are a lot of people that is hoping for a higher value.
And of course it will be hard to know what will happen with the value in the future but it is now rising well.
And of course it will be hard to know what will happen with the value in the future but it is now rising well.
The bitcoin price is around $730 to $770 for about a week now. If it consolidates around the current level for a few more months, it will rise very high.
Judging by the recent action, the approaching halving event, and the fact that we have already been in a bear market and post-consolidation phase for about 2 years combined (longest in Bitcoin's history) I doubt it will take months. More than likely consolidation will occur over days or at most weeks. If it consolidates over a several month period in the $700s, I would be very surprised
You might be surprised. The price is below $700 at the moment. I think 70% rise in the last month could be too high.
Only because of bitfinex problems, the price won't stay here for long.
It won't even take a week to get back on the upside track.
The price drop has little to do with the bitfinex off line problem. The price has risen too fast in the last month.
The price is too volatile. If the price just rose 5% a month, the price rise will be much more sustainable.
Most investors like that kind of rise. But traders and big whales do not like that. They want to make money out of it.
