Bitcoin Soars $4,600! What's Next? BTC Price Analysis & Prediction

I tend to agree with that. Where do you think it heads to after that? How big a pullback would you expect or do you see it trading sideways for a while?

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jordanlindsey (57) 7 years ago

I expect it trades between $5,300 and as low as $3,000 (if the fork gets forky in November) BUT this could continue to rocket. Masterluc called $15,000 in 2017 after we broke up past $3000

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taskmaster4450 (78) 7 years ago

Master Luc seems to have a good track record calling this animal.

I would find it hard to believe that it hit $15K if it pulls back as low as $3000 especially if it does that in November. If that took place, that would be December would he a helluva ride.

Using a reverse head and shoulders, I put the new top around $5400 although I figured it was a bit higher because of the exuberance bitcoin seems to get. It creates a frenzy unlike anything I have seen. Just like you feel the stops that are sitting at the $5000 level will be blasted through, I feel the momentum will cause a "overshoot" of sorts.

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jordanlindsey (57) 7 years ago

I see it very similiar to you. Thanks for sharing that. Of course I agree all around on Masterluc and 15K but if someone told you $4,600 this past January you would had seen no way! 15K is a lot closer than that was.

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taskmaster4450 (78) 7 years ago

I will be honest, I am really torn with bitcoin and cryptocurrencies in general. To start, I do not believe they are in a bubble...well not one that is popping anytime soon. Yes there is volatility which shakes some people up. Yet, overall, the entire market is going to keep heading up. I believe we are going to see a ton of money enter the space the next 18 months ($1T possible). The heavy hitters really havent shown up yet. At some point, the investment houses start telling their clients they need to add some cryptocurrency to diversify their portfolios. Bitcoin, to me, takes from the gold crowd acting as a hedge and store of value. We know the gold industry is huge and it is a side note for most investment portfolios.

When that much money enters a market, it starts at the top and works its way down. BTC will be the first to benefit but it will lift all boats. 2018 might actually top 2017's growth in the crypto world.

That is my thinking anyway.

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jordanlindsey (57) 7 years ago

I am thinking one trillion within 3-5 years. Sure it could happen within 18 months. Either way I believe regular purchases of the leaders are best. My focus is BTC, ETH, XRP & NEO. If something changes fundamentally on one I will drop it. Otherwise I am simply holding and adding.

On Sunday I was talking with someone. The richest family in Mexico, worth more than a third of the entire crypto market, is worried about the upcoming election. Worried that the incoming president could cease their assets. I explained the blockchain... so you are right. The real money has not yet entered the market and when it does we should shoot the moon. But this is a longer term play than that. This is revolutionary technology.

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