Post
Topic
Board Speculation
Re: BTC breaks 9k, are we on bull run?
by
LogitechMouse
on 05/05/2020, 08:53:06 UTC
What are your thoughts guys? Will we see the 12-15k$ in early next month?
My initial prediction of Bitcoin's price this year is around 10-12k$.

We saw already a pre-pump of Bitcoin days ago and it went to up to 9.4k$ until it made a drop up to 8.7k$ and now it is at 9.1k$. Well, I can speculate that we are in a bull run this year but don't expect that what happened last year will also happen this year. I mean it can happen but think also of the other side of it. The market cap of Bitcoin in 2012 and 2016 are relatively low thus, it is easier to pump the coin. Now the total market cap is at around $100+ Billion already.

12-15k$ next month is possible but the chances of it is at around 10-20% for me. I'd expect for a drop after the halving since the "Sell the news" thing is still possible but in the long run, I'd like to see an increase in price and maintain a 5-digit price Smiley.