It's been a tough few months for Bitcoin since the beginning of the year. Where do you see it going over the next few months? My money says it will be around $13,500. The market in general is still tied to Bitcoin, so a rise in Bitcoin's price will see it move up overall. I am hoping within the next couple of years (preferably sooner) that the market will start to move independently, but the fact remains that (like it or lump it) Bitcoin rules the waves for the moment.
I agree, its been really tough to see bitcoin going into a lot of wild swing, roller coaster ride that some of us felt uneasy and decided to quit for good and going as low as $5800 and $7500 respectively. I say that we need to get to 5 figures and see how resistance and or consolidation will affect the sentiments of the investors. Right now we are riding a 3 days price pump, but we don't know where the price could end because we all know how quickly the market sentiments changes. If we have somewhat sustained this rally around $11000 before seeing some resistance, then I guess that we can go as high $12000-$13000. But if we found resistance at early stage, then I say that $10000 will be a good estimate IMHO.