Post
Topic
Board Speculation
Re: Will Bitcoin Hit $20K in few weeks time?
by
BartS
on 01/03/2018, 17:49:43 UTC


I expect the prices to go up at least 40-50% from what it is from right now. The crash took around 60-70% of the value of bitcoin at its peak at the worst spot in the trough, and whenever that happens BTC seems to bounce back to at least 70% of its ATH value. Most of the time, we even go onto a price hike and break the ATH.

Right now, we're only around 55%.

Conservatively speaking, expect at least $13k per BTC in USD in March or April which is generally much better performing than the months of January, when we saw the big crash that happened. The recovery can be a bit bumpy so expect corrections here and there as well.
I agree, after a pump there is a dump and most of the time the price correction is too big and it does not reflect the true price of bitcoin since people are in a state of panic, this can be hard to overcome after the initial phase of dumping the coin but eventually bitcoin will recover, 12k to 14k seems an appropriate range for the price of bitcoin, and this means the current prices are very good even a bitcoin above 10k is still going to be a good investment.