Post
Topic
Board Speculation
Re: Last correction before 700+ breakout
by
bamboylee
on 21/10/2016, 04:26:49 UTC
In a few months bitcoin price never can't break $650 maybe it's the time we must lose a hope to seeing bitcoin price touch $700 in this year.

No need to lose hope, but the point is that the majority of the people here expect too much from the price. Reaching $700 this year is a realistic possibility as there are more than 2 months to go before this year ends. But hoping for prices higher than $700 is more like wishful thinking. I think $700-$720 will be the peak that we will see in the remaining time of this year, and after that it will settle below $700.

Just be patient. Bitcoin will break thru 700 and above in a few months. THere are a lot of good things going on on bitcoin right now. It is sure to break 700 and maybe 800 within this year or early next  year. If bitcoin ETF push thru, the price might even get higher than that.