Bitcoin breaking soon... but which way?
Bitcoin is hovering around the $12K USD mark as of this writing - but it is looking ready to break.
The question is, which way?
It is possible that traders will again sell off at a profitable point now that the coin has reached the $12K mark. More likely, however, is a continued increase in the price in anticipation of mass adoption approaching quickly with CBOE and CME futures, in addition to the recently announced Tokyo and Nasdaq futures exchanges.
Google Trends reveals a steady incline in Bitcoin searches. Google search trends correlate strongly with Bitcoin market trends. This is a strong indicator of a further price push upwards.
Watch for another bull run over the next few days approaching December 10, when the CBOE will be the first to launch futures. At this point, there is no telling what may happen after that!
*This is not professional trading advice. Just my opinion!
source:
https://coinmarketcap.com/currencies/bitcoin/
https://trends.google.com/trends/explore?date=now%201-H&q=bitcoin,ethereum
Well if we are heading towards another fork then the price will continue to spike :p
There will always be more forks - right now, it is the prospect of big investors entering the market on December 10 that is getting things really rolling. My prediction: $15K USD by December 10.