Bitcoin Price Forecast 9/7/2017

With great power comes great responsibility. Current MC: $163.28B (+0.68B) Bitcoin Dominance 46.6%

With some information of Bitcoin's possible fork upcoming in three weeks the prices have remained very stable. We are just steps away from breaking that $5K mark again as people rush in at the last minute to get some free BitcoinGold. Will we see a repeat of the last time or will investors show a little more restraint and hold onto their new crypto-dividends for longer?

Regardless of what happens, we are going to see another Bitcoin split so get ready for the wild ride people! Who doesn't like free money?

In today's chart we have remained very stable in the mid $4500's just bouncing between $4450 and $4675. The increased stability is partly due to smart investors picking up "cheap" Bitcoin before the next split. We are very likely going to have a bull run over the coming weeks leading up to the October 1st split with another possible scare sell a few days before. This mid $4K range is the next base of support before the attempt at breaking $5K.

The last time Bitcoin split the price of BTC BARELY budged, but with 3 actors in the Bitcoin mining game it should be interesting. Remember that there are only so many computers in the world capable of mining Bitcoin effectively now and those computers are already in use. Once we split there will be three competing groups of miners all fighting over the same hash power which might result in some network delays and more drama after the split. Bitcoin already has to compete daily with BitcoinCash for miners.

This will highlight the ever growing need for the implementation of the lightning network with atomic swaps.

Likely Scenarios:

• There is a slight drop to the $4450 zone again before building back up to $4550-4650
• BTC remains stable in the mid $4K range until the volumes increase
• We see a nice jump to $4750+ with increased buy volumes

TLDR Version:
Bitcoin will be splitting AGAIN in roughly three weeks. Prices remain bullish until the end of the month. Expect strong support in the mid $4,000's today again as Bitcoin fights for territory with its children.

Price Target:
$4680

*Never invest more than you are willing to lose and always do your own research before making any investment decisions.