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RE: Bitcoin (BTC) Evening Update: A Breach of Upper White Line Scenario
40K, thats too low. And heres why. When it starts to rise again in march and passes the 20k mark they will be plastering it all over CNBC again in the hope of causing an even bigger crash.. as it rises MORE AND MORE people will get in on it which will drive demand.
Mines can only make so many Bitcoin a day so if the demand exceeds that then you could see the price double in a month if not more.
What people fail to realise is Bitcoin is new technology. Its as important as the invention of the wheel. I recommend everyone to study Bitcoin, there is a reason its the KING and will always be KING.
Why do you think it will rise in March and Not in Feb or in July? Why March?
We should not forget, that in the past years, there was a bitcoin and few alts. Now there is a bitcoin and tons of alts. If Bitcoins Capitalization is to rise more, there are 3 main scenarios as a theory:
I believe only the first one is practical and if this is to happen in near future, all this bans from banks and governments should stop and open opportunities to invest money without barriers.