Giving Myself a Pat on the Back Wanting @Haejin Type Payouts Too!! - Called Bitcoin to $8200
The Bitcoin Bounce
Three days ago I posted about KIN & BItcoin, mentioning that Bitcoin would mostly likely get to $8200, and that $8200 was a significant number.
In that post I explain why I thought that Bitcoin would go sideways at around the $8000 - $8200 range. I realized that Bitcoin actually climbed past that to around $8500, and immediately thought that I this Bull trot might turn into a full on stampede. Things calmed down, and now it is consolidation time. The market needs to regroup, absorb some of that madness from the World Financial Sector and find more Bitcoin and cryptocurrency real world use cases.
It seems that Bitcoin has tested $6000 several times without really seriously pushing down below that. Bitcoin found some nice support at the around the $7500 level, and I believe this will be resistance should the Bear peak out and scare this baby bull. Should Bitcoin continue to consolidate at these prices maintaining some nice volume, any good news for Bitcoin and cryptocurrency in general could send Bitcoin to the $9000 or even $10,000 mark.
Read the blog and see the chart Here
Last year was an amazing run. Could it happen again? Last year as it continued to climb after summer and into autumn, it jumped into the $8000 range before dropping back down to around the $6000 range. It test those waters, didn't like them and jumped back up to the $8000 range for about 1 week. Then about 30 days later it grazed $20,000 per Bitcoin.
I personally don't see that kinda of momentum happening for Bitcoin, but then again how could anybody?
Full Steem Ahead!
@streetstyle
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Now you can do double pat on your back ; )
I think Bitcoin price will 10000+ next month
Great prediction..@streetstyle.. and @haejin...
Hope BTC exceed 16000 again at the end of the year..
I think btc will reach $15000 next month
There is always a great hope for bitcoin. Bitcoin never disappointed us. we just need huge patience. Since from 2009 it's gradually increasing and now the biggest asset.
@streetstyle I heard that as CME contract is expiring there can be an uncertainty in price. Do you know anything about it?
I don't believe it should affect the current price of bitcoin since bitcoin themselves aren't actually bought and sold but rather a contract is bought and sold for fiat.
Tom Lee of Fundstrat states there is correlation, but at this point I don't think neither he nor anyone has pointed out causation if so.
Thanks a lot for explanation. I have some more doubts. I will ask once we get the idea about the price after contract expires. Basically it is about price manipulation.
i believe that cryptocurrency with BTC and steemit are our journey to a better future.
I think your prediction is great.
Hope this bounce is for the greater part.
I think end of the 2017 we can again see the magic moment of bitcoin in the end of 2018 or in the early of 2019. I think the bull is over. Bitcoin is my precious and dream of billion crypto lovers.
the market price of bitcoin is ups and down in every hour...but i hope its increasing after some days