Post
Topic
Board Speculation
Re: Will it hit 20K $ by end of 2017
by
1Referee
on 06/12/2017, 20:52:37 UTC
That amount was too much high, even though bitcoin price is rapidly raising up I believe that three remaining weeks is not enough to touch $20,000.
The market is extremely thin right now, which makes it basically peanuts for this market to gain a few thousand bucks in just a few days. It of course doesn't mean that it will automatically reach $20,000, but I would say that we have 50% chance of achieving it before the end of this year. If not, then there is no reason to complain.

In addition in my estimation bitcoin before end of this year will play into $10,000 up to $15,000.
I am quite sure that people waiting for their salary to be paid out to then buy Bitcoin will hope that you're right. I am looking forward to how the market reacts at the moment we see CME opens future trading this month. I personally will cash out some profits a day before launch to be on the safe side. I wouldn't be surprised to see some sort of a coordinated dump happening at that point to get rid of weak hands. It's something that yet has to happen after quite a continuous rise to where we stand right now.