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?
So bitcoin is really recovering from its very lowering price recently, but we can see the full recovering of it. So by the end of the year we assume that the price will grow more than $8000 but we hope those panic sellers will learn from it.
Seeing the all time high price, those panic sellers will be crying that moment when they sold their coins for cheap. That is why we keep telling people to be patience and never sell the coins when the coin is dumping state.
I can't see $8,000 at higher chances at the end of the year since price rise today is not purely because of usual demand. We can't erase the fact that one of the reason why price is rising continously is to take advantage of the upcoming fork.
The real action of testing resistance will start once correction price will occur after this continous price rise. Once it holds at above $4,500 as correction price then it was a good start again to make another leap.