Bitcoin is now officially bouncing back! After such a bloodbath that occurred right after Bitcoin has almost won over the $5,000 wall and triggered further by the China ICO ban effect, we can now see and see that Bitcoin is already back for good...and it is about to get over the $4,500 hurdle (again!).
As I am writing this thread, Bitcoin is hovering over the $4,400 range and I am hoping that tomorrow or the day after it can be able to ditched the $4,500 psychological barrier.
Slowly, we are hearing less of the many prophets of doom and gloom and I am expecting that soon we can instead be hearing more of press releases coming from the other side of the isle: the prophets of boom!
Do you think we can be able to be back at $4,900 within this week?
It is very hard to tell. And even if bitcoin will reach $4,900 we will not know how long will it stay on that support... I honestly don't want to see bitcoin below $4,300 because that causes panic to me and my friends. One thing is certain, bitcoin will be over $4,900 by december. If you would look at the chart you will notice that once the bitcoin bounces back from a tsunami, it surpasses the previous ATH. I am not a prophet though... CAVEAT.