Quote from: albama on January 06, 2017, 05:06:58 PM

Quote from: Seansky on January 06, 2017, 01:01:33 AM

Here is my prediction that will happen this 2017. By the weeks to come, bitcoin will dump and will stabilize to a price below 700$. It will be stuck at that price by months then after the end of 2017, bitcoin will have a bullish rally again and will last till the end of the year. It might also go the other way around depending on what will happen this year that will affect bitcoins price.

That is my thought. it will be down at 650-700$ after then it 's in sideway for 5-6months before it comes to a big rally again. Maybe it will reach 1,200$ at the end of 2017. I do not believe in this bull trap .

I am not accepting that bitcoin will face further dumps. See, bitcoin holders now must be worrying about missing out the $1150 levels due to the expectation of $1300 or $2000 levels. I expect Chinese will pump again toward $1000 or $1100 to trap those people.

China will do this to collect cheaper bitcoins comparatively by shaking people's hope on bitcoin rally toward $2000.