Quote from: GMPoison on January 03, 2017, 07:42:11 PM

I'm surprised it's been so calm since it broke $1000. This could be a very good thing. It's not shooting up to $1500 like some people wanted for short term gains, but it's exactly what I wanted to happen. It may mean that the price of btc will continue to slowly and healthily rise as it has been the past two years. A very good thing for bitcoin.

The relative calm is probably related to the holiday season. In many countries of the western world there is much less activity until January 6, many people dedicating more time to their families. Another reason are obviously profit taking before the "battle for a new ATH" can begin.

So my guess is that in a few days we will see again turbulences in the bitcoin price. It's very probable that we will see a first intent from bulls to break the ATH until January 10-15. It may stall at $1100-1200, but I think it will be broken at most in February. Then we will probably see a hype cycle followed by a crash.

$2000 by February 17? Its possible but not mandatory ... my guess is that the current rally will stop in the region between $1700 and $1999.