we see the Bitcoin price going very down from last 3 months but now we see $6500 to $7000 from last 15 to 20 days.
Now according to my opinion the price of Bitcoin ready to touch $ 15000 to $20000 in next 3 months.
What would you think.
Of course Bitcoin will always be ready, but the questions is are there enough investors to push the price to $15000 to $20000? As you have said we are in the downtrend for more than 3 months and the trend continues what would make more people pump more money if the price keeps on sliding? For me, I ok with the price going moving along the $7000-$10000 and not the sudden burst we have seen last December. Just like they say, slowly but surely, unlike those artificial pumps that we have witness and then a dramatic crashed that up to now everyone is really worried and getting out and very afraid of the downtrend.
Bitcoin price is ready to boost up again and hit its previous huge jump from where it fell down but as we have seen that the value changed from 6 thousand dollar to 9 thousand dollar then we are positive about it a soon expecting it will hit more that 30 thousand dollar by the end of this year. Sometimes we expect little and the system shifts a lot or in other worlds a huge outcome.