Bitcoin Price Forecast 8/14/2017
Bitcoin is UNSTOPPABLE!!! Current MC: $139.2B (+$4.5B) BTC dominance: 50.3%
Bitcoin has slowly been cannibalizing its children as it has grown in size. Many alt-coins suffered this week as a result of price balancing and some FOMO. Other coins such as IOTA are growing at a rapid pace shooting up nearly 20% overnight as it is being discovered by more investors. Where will Bitcoin stop? It's anyone's guess as the market enters new uncharted territories.
In today's chart you will see we broke record highs AGAIN in the past 24 hours as BTC reached $4320 this morning. We will see a drop back down to $4000 before a small pull up to the $4200 zone. I expect another wedge to form with the candles as we keep chugging along towards $5000. We are a little bit overdue for a correction but the bulls are determined to keep running.
Likely Scenarios:
- BTC retraces down to $4000 before popping up to ~$4200
- BTC pulls back to $4075 then hovers around $4100-4300 today
- BTC volumes keep up and we see record highs broken AGAIN landing in the $4500 range.
TLDR Version:
The bulls are still dominating the market as we break record after record almost daily. Market cap is SUPER strong right now indicating serious investor confidence. Expect to hit record highs again by tonight somewhere around $4500.
Price Target:
$4530
*Never invest more than you are willing to lose and always do your own research before making any investment decisions.
Please Remember To: 
need to buy more, thanks
I am concerned about the hyperbolic state of $BTC, let's see. Would be great if it keeps on thrusting.
Check out the logarithmic growth on https://99bitcoins.com/price-chart-history/
(All time charts)
(Last two major bubbles and now)
I wouldn't get concerned until we start approaching 60-70 degree angle of growth on the Log. charts.
Good call. We're looking at 7K BTC approx?
That's the projection that Goldman Sachs put out recently too.
I don't trust them ; )
Check out yesterday's forecast:
https://steemit.com/bitcoin/@hotsauceislethal/bitcoin-price-forecast-8-13-2017
Feeling salty about missing the crypto boat?
https://steemit.com/bitcoin/@hotsauceislethal/how-to-conquer-fomo-fear-of-missing-out
Don't worry:
https://steemit.com/bitcoin/@hotsauceislethal/bitcoin-s-hype-cycle-is-just-getting-started
Alt-coins On Discount:
Bought some Bitcoin 3 weeks ago. Glad I did.
Keep holding because we are headed to 7K or higher!
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