Post
Topic
Board Trading Discussion
Re: $10 000 to invest, but at which price to buy?
by
Arkann
on 23/08/2020, 06:12:40 UTC
When I asked the question, bitcoin were just above 2000 and went 10x in next half a year.

Now it is just broke 10000.

But will we have another 10x in next half a year?


Dude bitcoin is current trading at $11600 and for it to go 10x would mean that bitcoin should trade at $116k.
And you are asking if it could reach that price in the next 6 months?
The straight answer would be NO.
Bitcoin will first have to cross the ATH price at $20k and after that it will see another major correction and I don't think all of that would happen just in the span fo 6 months. So to go 10x again there is a long way ahead of bitcoin.
You are really right that in the next six months we will not be able to reach 20k indicators, but nevertheless, if we take into account the indicators of 2013 and 2017 in the context of the halving results a year after the event, then if we adhere to the forecasts based on these historical data, we can only expect a year after the 2020 halving of the real Bitcoin rally in the market.