Post
Topic
Board Speculation
Re: How far bitcoin will it go this time and why?
by
GregH37
on 17/05/2019, 08:40:46 UTC
Everyone is sure of the $10,000 there is going to be a reach at $10,000 and that is going to be anytime soon, immediately the price moves from the $8000 mark. It has just stopped at the $8k mark this week and is not making any move to go up, but once it does, I believe that our next target should be that $10,000 mark.

There have been a lot of projects being launched lately and all these are being done to attract institutional investors, and by the time all these are done, then you will see the price move heavily. I believe that some big investors would like to invest now that the price is low.
I can also see that there has been a very strong resistance around that mark but I am quite optimistic that it won’t be long before we break another barrier which would either be $8500 or $9000. This is the trend I have seen this period ever since bitcoin started this bull move from the 1st of April.

The same way we all were not expecting that we would see $8000 soon from the first of April and bitcoin proved us otherwise within a month is the same way it will shock us when the price of bitcoin grow in anther few weeks to about $10,000, I can see this little resistance as the energy being gathered for the next value upward.