Imo the U-turn started a week ago. It's happening. Slowly, but it's happening. With today's pace I won't be surprised to see $20k+ in two months from now.
Actually we don't need faster pace of growing. It's good to have two more months of low price because thus we can collect more coins with the same effort.
Agreed. Slow and steady price growth is good always, Bitcoin have started its bullish run now.
I guess within this year end Bitcoin would reach at least $50000. People again say it's a bubble but it's real who knows cryptocurrency well. Let's wait and see where it reaches.
I've seen quite a few similar predictions here apart from my own. Cameron Winklevoss told CNBC recently that Bitcoin is still very under-appreciated and that it has the potential to reach $320,000 at some point. Imo this can take from 5 to 10 years to happen, but maybe I'm wrong thinking it will take this long, because sometimes things change very quickly in the modern world.
Let's forget about $320k for now and let's think of what can really happen to Bitcoin price this year. Yes, $50,000 can be reached by the end of 2018 and we can call it a reasonable price taking into account the growing popularity of Bitcoin. But if Bitcoin will reach $100k+, then we are doomed to see a steep decline afterwards.