Post
Topic
Board Speculation
Re: $70,000 anyone?
by
player514
on 02/11/2017, 16:10:26 UTC
Looking at trends 2 or more years, Bitcoin appears to be headed for $70,000 over the next 3 years though it appears heavily bullish right now. Are there people with charts/trends etc taking us to the $70,000 level over the next 3 years?





70,000 is definitely possible in the long run. It's hard to say what we'll see in the short run, though. It seems like as of now, the support is exponentially increasing due to the interest of the cryptocurrency by numerous tech services and companies. For example, amazon is trying to bring bitcoin into its system and I'm positive that amazon's support of the coin is what has helped bring bitcoin up to 7000. If there is some way to keep the support up to the levels that it has reached recently, it would not be hard to reach 70,000. However, this suppport will die out eventually; there is a max number of people who can support btc.