My prediction is Bitcoin will be quiet steady for today. I expect the price might fall down a bit, do not expect any drastic movement in price to go up, because there is quite an elastic supply for 2.5k bitcoins.


On what basis this prediction is made, making bitcoin market movements and value changes is really hard and even if you are able to take in all the factors and bring out a semi accurate analysis, it will still be not similar to what might happen, the predictions that are made don't take in consideration the factor of bull runs that might accrue or a big volume of people buying if the price goes up, and a supply increase if the price goes down which is when most people start considering cashing .