Bitcoin has done it again
Good Morning... It's Monday here in Malaysia. Last night, before I slept, Bitcoin's price was at 7.9k and hovering. This morning when I woke up and checked out the prices, it has gone up to 8.9k.
The next test is the 10k mark. Can it pierce through the resistance? If it can, it will start to stabilize in terms for a while then does it go up or go down, no one truly knows. There are two scenarios that I look at.
The first is where Bitcoin keeps on rising till the 20k mark, then it may reach prices of around 23k to 29k before coming back down to 11k.
The other scenario, plan B that is.
It may hit 10k, stabilize in price and then come back down. That is a different flight plan.
Chaos theory
Similar to the butterfly effect describes the sensitivity of initial conditions sets the course of the route taken for events in the future.
There is no way of predicting the long term events that come because of this theory. Anything can happen. There was one prediction where I saw this trader predicting Bitcoin to rise to a million in 2025. No one exactly knows if that would happen. Anything can happen within this time before reaching that.
Are u bull or bear? I guess the consensus is more of a bull and some may be cautious. Many still have never heard of Bitcoin.
Posted using Partiko Android