I'm not sure bitcoin can break $4500 in this week, but if until the end of this month I think it's possible, because bitcoin just moved up again.
Looking the price variations happening with respect to time I believe the price might go above $4500 in a week or two. Right now the price has come down to $4000 and once again it has started to increase giving signals of crossing $4500 in a shorter time period. Bitcoin price is growing this week like the way people wanted. The value keeps looking good and everything looks normal as well.
No doubt, the way bitcoin value is appreciating the price will reaches anywhere between $4500 - $5000 in one or two weeks time.
The price is now hovering above $4400 and it seems that we can break $4500 again this week. I just hope that the price will be sustainable for long term, as this is now the new mental barrier for most of the traders. Remember we already touched this price however, the selling started, traders started to cash out that's why we have a pullback around $3600-$3800 a few weeks ago.
Yes, I agree, if we can hold on this price, definitely $5000 will be the next stop. I consider this bullish run to the Segwit which has been activated a couple of days ago. Let observe and see how the price movement goes again.
I don't think that we can break 4500$ as we have again experienced minor blip and its down to 4300$. So to answer your question, its not sustainable as of the moment because traders are cashing out once the price gets to 44xx$. But this is a good thing though, because along a minor correction, new sets of investors are ready to get in the market as well. I guess we need to wait again to see it we can reach 4500$ and hold but as of the moment, I don't see it holding. 5000$ is still far to reach and it will take another good news to push the price to this levels.
