My prediction for the BTC/USD price for the end of 2017 is between $3000 to $4000 before bitcoin takes another dive for the better!*
(*Provided we don't experience a fork)
Let's talk August 1st:
August 1st is going to be a defining day in bitcoin history! If you are reading this and own bitcoin then PLEASE PROTECT IT! (If I receive some good feedback on this post then I will write a blog explaining how you can protect yourself and avoid losing any of your bitcoin!)
That being said,let us have a look at the positive side of things and say hypothetically that there is no fork and the ORIGINAL bitcoin that we all love so much remains.
We saw a minor correction in bitcoin a few weeks back after it experienced all time highs but bitcoin is in a bubble I believe and it will burst sometime within the next 6 - 10 months.I say this because of the following:
If you head over to Bitstamp or any other exchange and have a look at the last 5 years in bitcoin you will notice the following:
- The April 2013 bubble went 16 times the previous ATH (All Time High)
- The November 2013 bubble went 4.5 times the previously stated ATH
Therefore looking at the current bubble - so far there has been a 2 times the previous ATH already! The question you need to ask yourself is how high do YOU think it will go?
Note: We are currently sitting at an 8th (YES 8th!) green candle stick increase in bitcoin.My prediction is $3000 to $4000 (To be exact - $3650) - What are your predictions for the bitcoin price on the 31/12/2017 ?