I have been following bitcoin price since the recent upwards price movement and I think $5875 has become the high and corrections has began. Checking price chart this morning I discovered that the down channel's line has been broken and that signal a dropped in buying momentum and price may get below $5,000. However, this is another opportunity to buy bitcoin at a very cheap prices as before the end of this year bitcoin might hit $7,000. This corrections is not going to be a long one, it might just be three to four days and we would resumes another upwards movement again.
Like it when someone push bitcoin speculation further imagination. Why someone wouldn't say that after so many years we have seen its immediate hike from 500$ to all up 6K USD last week. I mean if this continues then yeah 7k is surely possible in a month and going beyond that we can see 10k hike at next year start. Feeling like to stack up some bitcoins today only. This is all result of people's stable investment. Most of people are now trusting bitcoin in future perspective and hence its price hike stabilising.