Last night before going to bed (23:30 West Africa Time), Bitcoin also known as the digital gold was trading at the price of $3852 which was an all time high as at the time.
This morning, I woke to another shocker, Bitcoin was trading in an all-time-high of $4160.31. The first time Bitcoin is trading at $4000 or above.
For some time now, I have been following the Bitcoin price predictions on longforecast.com here https://longforecast.com/bitcoin-price-predictions-2017-2018-2019-btc-to-usd
The predictions on that page have been right so far; even after the recent Bitcoin split that so many experts believe the price of Bitcoin (BTC) would come down, the author of that page still believe the price of Bitcoin will skyrocket.
I don't know more about the economics behind their predictions, but they have been right for some time now.
The next Bitcoin all time high price is expected to be around October to November according to the predictions.
Do you think Bitcoin will trade at $5000+ in October and finally end the year at $5588 or above?
That would be an increase of $4,621 from the year closing price of 2016.
What is your take on this?
Do you think Bitcoin will decrease in price or increase in price before the end of the year?
