Quote from: 1Referee on May 04, 2017, 10:10:27 AM

Quote from: Bitwah on May 04, 2017, 07:13:08 AM

Where's the party tonight?

No party until people cash out. Cheesy

It's amazing looking at the price that's going up like crazy. I however get a less satisfying feeling if I think about what's going to happen when things cool down. It might very well be that this increase is related to the ETF review on May the 15th. If this increase is indeed releted to the review by the SEC, and the ETF doesn't come through (which is exactly what I think the outcome will be), then we'll see the price go down with $200-$300 in a matter of 24-48 hours. That's why I am planning to close a few large positions around the 10th or 11th of May.

There would be some correction for sure and Bitcoin value can decrease a little but analyst are already looking at the possibility of Bitcoin reaching or breaching the $2000 level before the end of the year or at least in early 2018.

I don't believe that the recent upward movement of Bitcoin has something to do with that ETF review as many already have the foregone conclusion that it would also be rejected. The opening up of the Japan market and the coming 10 exchanges in there can be the main impetus for this rampage.