I have noticed the greater rate of increase in the past two weeks. I always trusted bitcoin that it can recover fast from any fall of its price. What do you think? It is good to invest today? And what are your expectations about its price before the year ends?
I think bitcoin will take some time to make $5000 possible my predictions is it will ht the mark atleast 4 or 3 months to pass also i think on november bitcoin will on $4700 well it can be possible if the china is not banned and all so it will takr longer than the expected price hike lol on its rate
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.
I do not think $5000 will take anytime as I can really perceive the 5k in the atmosphere right now. The China FUD was just a step to even more success and a blessing in disguise. I did not actually expect a quick rebounce anyway but with that happening in a very shortwhile compared to what we had in 2013, then I can say the support is getting stronger by the day.
Also, I do not see the upcoming fork as a huge challenge for the price. It will just come and go and the dumping of the forked chain for more bitcoin anyway will really give it a huge shoot upward. So far so good, I do not really see anyone who cares about the forked chain and it will be worst than BCC.