Bitcoin made a rapid ascent from $15,000 to $16,000 today. It is now moving sideways in what appears to be consolidation before a further breakout to the upside. If it does, this could well be a move beyond the near $20,000 all time high that was achieved mid-December 2017.
While the signs appear bullish, things are still in the balance until a definitive move either way occurs. It's looking good though, and my hunch is that Bitcoin is about to launch into its first mind blowing move of 2018.
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Original article posted here: Bitcoin Building for Price Breakout
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Personally, I think It's going to go up pretty high and then crash back to around 30K for a while. Nice to see that It's starting to raise though.
Thanks very much for reading, commenting and upvoting @mynameismatt.
Personally I think it will hit $50,000 by mid Febrauary
Wow haha - that is one bet. ;D
Possible - yes; but I do not think that this will happen. The next two weeks could be very important. Btc has the potential to fall back to about 10k$ but it is more likely right now that it will go bullish and reaches new all time highs. We will see.
Thanks for sharing your insights @gandalfthewhite. Interesting times ahead, that's for sure.
Thanks my friend! (:
And you are welcome. I am not a qualified trader/investor but quite experienced concerning cryptos and stocks. I post at least once a week my opinion about the current situation of the cryptos; and tell people possible buy orders. But it is always educational information only! No financial advice. (:
That would be amazing @nuboify. Thanks for your comment.
Btc still looking bit indecisive - I do not care if it goes up or down. If it goes down we can buy cheap, if it goes upwards we can sell higher. (:
Let us see.
At least March and April should get interesting for many coins - I think.
Yeah, Bitcoin is good long term, no matter what happens now. Cheap coins are nice because eventually they're worth more. A boost in price is good, as it sets the stage for another big year in Bitcoin.
2018 will be THE crypto year for sure.