Hi guys. I am Mims I just want to know your opinion and ideas what is the possible price of bitcoin for end year 2017? I do track bitcoin price for years and 2017 price went break out and people go crazy in the market. Some reason people invest to bitcoin and wish will be go up to the moon. So what is your opinion or prediction price for bitcoin this coming December 2017 guys? I want to know is Christmas season and I think some people maybe sell some bitcoins for holiday or just stay and wait for the right price. Thanks.
Hello Mims. I am personally predicting for Bitcoin price between $6,000 - $7000 and I doubt if it would really have a breakout towards the dreamed $10,000 level. In my experience the holiday season from December to January is not a good time for Bitcoin to surge. In fact last year (if I remember it correctly) there was a dip around January or February. Yes, it can be partly because people are spending and so they let go of some of their Bitcoin hence the demand can be lessened. I would be happy then if Bitcoin can go as high as $6,500 or even stabilizing at $6,000 will do while gathering some energy towards the start of the first quarter of 2018.