Bitcoin's price briefly passed above the $4,800 mark for the first time today.
According to data from CoinDesk's Bitcoin Price Index (BPI), the price of the cryptocurrency hit a high of $4,802.74, before falling back to levels seen over the past few hours of trading.
Courtesy: CoinDesk
Guys what would be opinion upcoming months and what is expected price in upcoming year. Normally price use to bump when we nearing new from Dec 20 to Jan 1.
There seems to be resistance at the $5k level.
When it got close this morning, it adjusted down $100 straightaway. Seems like some bears are determined to keep the price of bitcoin below $5k even though there are a ton of bulls out there trying to get into btc.
I would say that in the upcoming months, things are going to be even crazier. We should see $5k be broken this month, and perhaps $6k next month. After that though, it is highly likely that a dump will drive btc down to $4-5k and hopefully stabilize there.