What Will it Take For BTC to Reach $1000?
Let's discuss.
It seems impossible. I believe the trend should be on upwards node. It is right now going downward since last so many months. Even as the bitcoin users are increasing and there are more number of bitcoin transactions, still it is going downward.
It actually might go up since the twins actually got something done, and launched their own exchange called gemini.
So who knows it`ll probably bring more new blood to pump up prices. I dont know about $1k though, maybe a $100 increase to be more realistic.
What I have observed in last 3 months is that someone actually does not want it to slide below $200 mark. Just once 3 months ago it reached $160. Since then the prices are always varying in between $210 to $260 mark. It goes down for an average 15-20$ and then remains there for about a week and then again rises for about $15-20