Geimond Posted December 13, 2017 #1 Posted December 13, 2017 Bitcoin has made a habit of setting all-time highs this year, as the world’s biggest cryptocurrency continues its seemingly unstoppable rise. The global price surge in bitcoin is being led by South Korean exchanges, which often race ahead of the current global price for bitcoin. Markets there have witnessed bitcoin trading at above $14,000, similar to how the South Korean exchanges were the first to see bitcoin break $10,000. Optimistic analysts see $14,000 as the next significant milestone for bitcoin, while some investors like hedge fund billionaire Mike Novogratz are eyeing $40,000 by the end of 2018. While the $12,000 had been within reach for several days, markets have only now managed to buy up to beyond this level. However, given the volatility in bitcoin markets, there’s no guarantee prices will continue to rise from here. The last week has seen numerous predictions of a pullback in the market, with many suggesting prices could fall back to below the $10,000 mark. However, markets thus far appear to have resisted this level of decline, reflecting widespread optimism about the prospects of bitcoin at current price levels. Some investors will now feel a psychological floor price has been established in the market. As long as buy-side pressure remains, it seems clear that the prospects for bitcoin could continue to rise. December is already set to be another significant month in the bitcoin story, with bitcoin futures going on sale later this month for the first time. This allows investors to take leveraged positions on bitcoin markets, and is expected to open up bitcoin to more institutional and mainstream investors. Some analysts are expecting the launch of bitcoin futures to encourage a spate of activity in the market, which could mean anything for the underlying price.
wilberthh Posted December 15, 2017 #3 Posted December 15, 2017 The end of 2018?? It's one year later Well no one can predict it for sure, but If bitcoin keeps its pace at this rate, I believe bitcoin will be at least $50k-$60k by the end of 2018.
Snike Posted December 15, 2017 #4 Posted December 15, 2017 There are lots of threads on here that ask for predictions. I think the price of bitcoin wont go above 21k $ on new years eve this year and until end of 2018 it is possible to do 50k$ because bitcoin boomed this year and the more popular it gets the more it goes up!
Sraboni Posted December 15, 2017 #5 Posted December 15, 2017 I think it would be increased to $35k - $48k
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