Post
Topic
Board Speculation
Re: voting: $750 in 1/12/2016?
by
1Referee
on 28/11/2016, 00:52:22 UTC
I vote for low 700s which will chop into next year. the excitement might be over for the year. doesn't matter. it's been a positive year overall.
I think the correction is due, and we should see a 20-25% drop. But not on December 1st, that seems too early to me - therefore my vote slightly below $750.
And I agree that 2016 was very positive for Bitcoin.

I am fairly sure that the price will dip below $700 before the end of the week, but it will be slightly below the $700 level. However, a correction of 20-25% to happen this year, or early next year (or whatever your time frame is), is what I consider to be a too heavy correction.

20% correction from current price means ~$580.
25% correction from current price means ~$545.

Unless a major exchanges gets "hacked", I can't see the price fall back well below the $600 levels for now.