I have been following the cryptomarket for a while now. We all know how Bitcoin's value went down considerably two weeks ago and how it skyrocketed this week. This leaves a lingering question... What will be Bitcoin's value by the end of 2017?
Bitcoin is currently exhibiting what is called an "Inverted head and shoulders pattern." This is what is considered by the investor community to be a very bullish market. The security in the value of the share is likely to follow the previous pattern (i.e, increasing).
So how much will BTC cost by the end of 2017?
With recent Bitcoin fork, original bitcoin is now even less in numbers than before and with raising prices you can say demand is growing. Low supply and high demand results only price raise!
Bitcoin hasn’t disappointed investor last year (gave a whopping 300% return in a year) and it won’t disappoint this year as well!
Considering the fact that bitcoin (BTC) hasn’t lost almost any value after the fork, I’m pretty confident that we’re onto testing new levels toward the end of 2017.
If I was to guesstimate a figure for you, I’d go with 1 BTC = $3,750 - $5,750.
Should you buy bitcoin now?
I'd say yes. But wait for a dip. Usually, a sharp rise like results in a smaller drop later. Buy some BTC at that time, and keep adding more BTC through out its dips (a very powerful strategy).
Disclaimer: Please contact your financial adviser/ invest at your own discretion. I am not responsible for any profit/loss that you incur. This is just my analysis and advice.
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BTC: 1E5ho8QMMt3ySxkDQJTg8M6WRpmuSRVYNS