Post
Topic
Board Speculation
Re: When do you think Bitcoin will reach $1500?
by
YuginKadoya
on 30/04/2017, 05:52:22 UTC
By December maybe? but as of now the price that I post this is $1222.02 dollar if this continue we can see a $1300 by the end of April or middle of May if we are lucky it could be a $1500 or $1600 for December but speculation like this can be very unpredictable because of the unthinkable movement of bitcoin.
Yes, bitcoin is quite unpredictable. If no big hacks or general bad news comes, I think bitcoin will surely reach $1500 by the end of this year or maybe before.

I am wishing that no bad news could ever stop our expectation with bitcoin, but I think there is, As there is a limited supply of bitcoins, when demand rises, less bitcoins will essentially be worth more and that leads to a relative drop in the cost of living. and the effect of fork with bitcoin,  If a split occurs, you'll have coins on both chains. is it a good think that it may happen? well we can never really know!

As supply and demand increase for bitcoin. Then automatically price will be depart to moon. Already many adoption are happening towards bitcoin and block chain tech, These things will never bitcoin to allow for seeing the hard fork again. I think that in this end from November to Christmas price will be move 1500$ or more than that.

But seeing the $1400 value I think was the indicator if it will sky rocket to the moon and Bitcoin price is now testing the $1400 mark it can go back to the short-term channel support at $1375 for a quick pullback to draw more buyer, because of a bounce off this near term support it could lead to another resistance or even a break higher for a steeper climb. As of now the value is $1345.71 and just a slight movement was seen this past few days.