Post
Topic
Board Speculation
Re: 400 will not hold
by
phreaky
on 21/07/2016, 20:04:21 UTC
The bitcoin price almost doubled in the last 12 months. So it will need some more time to correct the price.

I think the bitcoin price will trade around the 650 dollars level for some time, then it will jump to $900 to 1000.

To see the price of $900 I think we need to wait for a long time as its not easy to reach there very easily as we are still below $700 level so it will definitely take some time to achieve it.

I don't see it happening such a large increase to 800 or even 900 dollar will happen.
At the moment it seems we are stuck at 650 dollar