Quote from: hase0278 on October 04, 2017, 09:59:36 AM

Quote from: btc_angela on October 04, 2017, 08:04:31 AM

The banning of ICO by China and the subsequent news really pull the price back when we are enjoying ATH. But since then, we have recovered but I guess $5000 will take us some time before we can achieve it once again. There is the November fork which can make bitcoin price rose and reach $5000. But I'm happy with the current price and thinking just a few weeks ago we are below $3000. But by the year ends, I'm really speculating that we can reach $5000 by that time and probably heading to $7000 at the beginning of next year.

Many are speculating the same as you, but I doubt it unless there will be more good news in the next coming weeks. At least for now I expect bitcoin price to stablize to it's current position as it is somehow rising slowly and not fast. Also, there aren't that much of a news to really drive price way up or down in a short amount of time, and for the reasons stated I concluded that it will be sitting at the current price for at least a week or two.

Nope, with the momentum growth of the price of Bitcoin as now, Bitcoin does not need to have a reason to increase its value. But if you want to decrease its value, you need to have a reason as the FUD like the Chinese government banned cryptocurrency exchange and the ICO market.