Post
Topic
Board Economics
Re: Bitcoin's Next Direction 2017 Predictions
by
Teraboy
on 16/05/2017, 01:00:45 UTC
Hello,

After successfully predicting BTC moves in 2016 here on the forum, I have a new set of 2017 predictions that I'm using to trade the current move.

1. Rise to $1,200-$1,300 (Current move)
2. Correction to $800-$900 level and range trading for a while
3. Rise to $1,500
4. Correction to $900-$1,000 and range trading for a while
5. Continued rise to $2,000 by end of year

tldr; BTC will double this year after making a couple of moves up and down.

That is similar to my predictions that I just made a few days ago. But recently I read a news that Chinese people are buying more bitcoins and it has reached the highest peak compared to before. With this movement probably by the end of January bitcoin will reach Two Thousand Dollars each and by the end of the year a 10k dollar price will shock  the market by the end of the year.
Actually,  2000$ before end of this year is very achievable but 10k$  before end of this year it is shockingly if that happens.
Though, according to the bitcoin experts by year 2025 bitcoin can become 10k$-100k$ each bitcoin.
$10 000 looks a dream in this year. That not based on the fact about bitcoin. $2000 makes sense in every people's mind. But $10000 looks so crazy. Those don't try to see about the fact.