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.
Well that was very short lived. Currently, bitcoin is down to $4700 once again, which was a significant decline from the ATH of over $5000 on certain exchanges(never broke $5000 on coinmarketcap, though).
It's actually gotten lower than what we started with yesterday, that's how big of a dump it was.
Anyways, i think that currently price is over pumped. Anything over pumped will have to come down and i think that most likely it will come down by the end of the year. I think that $3k-$3.5k is the most likely scenario. Maybe it'll keep going up, i don't know. But i wouldn't take the risk myself of buying into the market right now.