RE: BITCOIN AT 15.500 $ - WHAT IS GOING ON???
It is highly unlikely that Bitcoin will hit $25K by end of this year. January next year? sure.
You have to take in the consideration of milestones of $10K, $15K, $20K price point. With each of these milestones, people have set themselves a target to sell their part of or all of their holdings. Meaning lot of sell orders at this price point and the market will scale back a little and will eventually move up in day or two.
We saw this very recently at $10K milestone. As soon as BTC hit $10K, lot of sell orders were hitting the exchanges and for day or two we had a dip and BTC price was down to $8K.
I think the same thing will occur now with $15K and next $20K price point, and at $20K the correction will last little longer to drag us to the end of the year.
yeah it is a good analysis and could happen. however the 8 k drop you talking about lasted such a short time, and barely enough before people bought it back again - especially those that are professionals. But for sure people will sell at each big milestone, to be safe! we shall see what happens, i think by next year same time price could be in 40 k mark. The hype around it, will just spread further and further!
I think you are right. I'm seeing questions about it in my fb groups that are unrelated to money or crypto. I'm shocked by the new interest just in the last couple of weeks. The groups I'm in are for health, authors, artists, and social media marketing for the most part. There's posts like, "Hey what does everyone know about bitcoin?" And then we are off because someone always knows something.
People saying it is fake do not realize that those who hold it are actually spending it "just like money." They think you can only sell it in exchanges.
Once grandma's like me find out you can use a debit card and buy coffee with it - they want to try. I only have my steemit account right now, but I am trying to figure out this wallet thing and progress. If it's got me interested - that says a lot for the old lady contingent.
Same time next year.. Anything could happen. 40K. 100K Who knows?! :)
@najarramsada
Yes at 15K and 20K there will be small pull backs, but what you are forgetting is that big fish and whales are just waiting to get in now, so at every small dip new big fish will get in and move the price up. Also remember the CME futures is being offered soon. People going into that marked would probably want to buy the underlying asset they are betting on.. That´s gonna be some huge money into BTC.
So I dont know. 25K for Christmas is not unrealistic.
But off course, a proper correction is not unrealistic either :)
while we were talking bitcoin reached already 18 k! yeah i feel correction will happen soon!