Post
Topic
Board Speculation
Re: When do we cross the 1000 USD barrier?
by
BitcoinPanther
on 09/11/2016, 06:52:29 UTC
as i suspected bitcoin price is not ready for $1000 yet. and it is not ready to go down either as we can see a good resistance is forming up to keep bitcoin price in $700+ range.

so to answer your question, although bitcoin is always unpredictable but you have to think at least mid 2017 for any price around $1000

I agree that at this point Bitcoin Price is not ready for $1000 but the road will pave its way.  With Segwit, if successful will make bitcoin transactions easier and even implementing smart contracts in it.  This may hasten people adoption and with a couple more updates may make bitcoin price to more than $1000 even before mid 2017 .