So, we've finally reached $8.000. What will be next? I read an article on
BlockChain24.co where they've analyze Bitcoin's chart. And I agree that price should drop a little bit, but I believe overall it will be still growing. What do you think?
Even though there has been a decline of a few percent, I think the price of Bitcoin is still strong because it currently has a good market position. These weeks have been proof that the position of Bitcoin has gained good trust from the public. Now we all have to maintain this situation, increase the use of Bitcoin transactions so that the Bitcoin position will get better. Bitcoin prices will even exceed 8000USD when we continue to provide positive sentiment.
Bitcoin reached 8000$ very fast and therefore a big correction was expected. It moved backed to 6300# in few exchanges and instantly bounced back to 7000$. Will it sustain the 7000$ price ? This will be clear in one or two days.
I believe $20k by December 2019 and more than $50k by 2020.
I believe in long term investment.
Steve
Anything is possible and bitcoin can reach even 50K in much earlier as we are anticipating.