Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Torque
on 23/01/2018, 12:34:26 UTC
50k by the end of 2018. This correction is just a simple mid 2013 type correction.

Well that would be nice if that happens.

But my back-of-the-napkin data suggests that at the current rate of new account creation, at only around $20k/btc could we have a strong support level toward the end of 2018. For a price level supported higher than that, new account creation would have to pick up steam and start to double time it. Also perhaps a Bitcoin ETF or two launching this year would definitely help.