Post
Topic
Board Trading Discussion
Re: We are finally going to $22k
by
South Park
on 25/10/2019, 17:22:58 UTC
For the price to reach $ 22000 it is necessary to have a great demand. In 2017 there was a big demand, so the price increased so much, and where will come so much demand for the price to reach $22000 and stay at that level? We have to think about it. This year the price could not stay above $ 13000 for a long time and the year is already ending with the price at $7400. how will we get to $22000?
The most common argument you will find to defend predictions similar to this is that during 2017 we saw the price of bitcoin going up very rapidly at the end of the year and many are expecting a repetition of this scenario, could it happen? Yes, but it is not very likely even with the market recovery we are seeing it is difficult to imagine a price of 22000 dollar for bitcoin, in the best case scenario I could see bitcoin reaching 10000 or 11000 but most likely we could see a price between 7000 and 9000.