Post
Topic
Board Speculation
Re: If these resistances are broken, the price of bitcoin could reach $ 16,000
by
Febo
on 14/09/2020, 16:44:55 UTC
It is just a matter of time before Bitcoin will reach $16000. But that dont mean that after it will reach $16000 will never go below 16000 again.  Question is can Bitcoin go above $16000 this year. O personalty believe that chances for that are more then 50%.

I personally don't think that $16k is possible at the end of the year. I'm giving like a conservative estimates of around $13k. There's a lot of resistance along the way to $16k and we might have a hard time breaking time unless there is a good news that will make people invest on bitcoin and move away from the Defi hype that has been plaguing the market for so long. So give and take, $13k will be good to me at the end of the year.

More then 3 months is both a lot and little of time. I agree that Bitcoin will have to break at least 2 strong resistances until $16k, but we are in a bull market. Overall there is only one way. And that way is up.  Good news can come from everywhere. And such good news will move market over resistances.