As I sit here late at night in the eastern US, I've been watching bitcoin prices steadily climb on CoinMarketCap and on GDAX trading page. $9k is a psychological barrier, though, and nothing more. $10k is the price everyone wants to see. I suspect we'll get there before the end of 2017. But, like every other major rise this year, there will likely be 1 or 2 more pullbacks of 15-20% before we do.
At $10K, I would expect some profit-taking. But there are likely institutional investors on the sidelines ready to move in over the next 18 months. Prices could get a huge boost from that.
Exciting times indeed. Comments?
At $10K, I would expect some profit-taking. But there are likely institutional investors on the sidelines ready to move in over the next 18 months. Prices could get a huge boost from that.
Exciting times indeed. Comments?