400 Is a price we won't see the coming period, maybe years. The price rise has kept up which means we are going towards 800.
Which makes me think what a great step we made.
I don't think that is safe to say. Remember we went as high as $1000 and back down to under $200.
This rise has been irrationally fast. It just takes a little bit of panic and people will start dumping and we could go back down to $400 or below.
Personally, I feel we will have a correction down to $500.
Going back to 500 is likely to happen. It can't be sunny always. My guess however is we will first see the price go to 800 dollars, then it will slowly retract to maybe 700 dollars and find some stabilty at 650ish.
What's happen from there is unknown and unpredictable.
We cannot predict the exact price of bitcoin in coming days, its good to see price going up now but no one knows which is the best price to sell, so act smartly and take smart decisions to earn profits.