Bitcoin Forum

Ok the crash is gone it felt from 2,700 USD down to almost 2,000 and recover, the worst is gone, and I am predicting that the BTC will be at 3,500 USD within 60 days from today.

Why:

1.- More people interested
2.- More news and possible segwit
3.- On July 1st Australia will accept BTC as a currency.

So my advice is that if you can get as more BTC as you can, do it because this is just getting started.

Waoo! Actually "this is just getting started" I have faith along with you that before the end of the year we would touch $3500. The best time to buy is now, those hoping that bitcoin will fell further should have a change of mind now and join another revelation of bitcoin upward movement!!!

Yes the price started to increase once again so now people have started to believe on it again who were new to this type of drop in the price now they have learned that the price is going higher and now they will invest again their coins in bitcoin and the investors will be more increased when good news started to spread about bitcoin and that is sure that the price of bitcoin will reach to $3500 sooner within a month or two.

You will get a free hug from me if we see the 3500$ mark  :D I think 60 days is too short to make it possible, but who know, Bitcoin is full of surprises. And about Australia, I didn't heard about this news, are you sure it was say they will accept bitcoin as a currency? And not just a commodity like gold and silver, for exemple? Because it makes a huge difference, better than nothing I admit, but currency and commodity is not the same

Your assumption is right but its just speculation which might either come true or not. The basis for the assumption is also a good one and I am also hopeful on the high side to be witnessed very soon after the little setback we have in few days. But let's hope that the market will react  positively to the news coming because one cannot predict about the outcome of that.

it was not a crash like situation to me I think people were very much confident and therefore they were not ready to sell their bitcoin. now the rice again going to gain accelerator and this time it is really gong to hit and cross 5000 USD n next few months or just at the end of 2017. I think those people who will invest money right now in bitcon they will be really happy with their decision in future.

Exactly this is now the time that bitcoin's price will rise again and good thing for those who sold at $2,700 and bought at dip and also for us who just did nothing but kept it for better. I'm looking forward to see the adoption on Australia and for sure Australians will love the way on how they will use and spend bitcoin for a coffee' drink.  ;D

What evidence do you have to show that the crash is gone, it may start within a forthnight.  We just have to wait and see how everything goes.

I'm starting now to have new hope when it comes to the speculation and good news from the experts about the pricing of bitcoin. I just want to see the price of bitcoin at new ATH even it will only reach again $2,700 or even $3,000 that will suffice my satisfaction but of course it's better if the price will go up to $3,500.

There is no indication of FUD that might scare Bitcoin holders especially the weak hands.  Aside from that News is all about bitcoin development and adoption.  Smartcontract, Australia Adoption is knocking in Bitcoin door.  This might bring hype to the bitcoin market and eventually will affect the trend of its price.  There is a possibility that $3500 can be reach in less than 60 days if all went well.

The best thing is that that with every pump,a new higher floor price is set which is higher than previous one.If bitcoin see another pump,it will settle somewhere around $2500.Next pump will take it to $3k and so on.Soon we will se 1 btc equals to $10k

It would be really cool to see the price of bitcoin keeps on rising,i really hope that the alt coin market too rises to the occasion .With all the countries accepting bitcoin it is a ripe market for all the early investors and at times i really wonder how long these kind of rallies keep on happening,what ever the market situation the only place that got hurt because of the price is the gambling industry running with bitcoin as it is really hard to keep up with the price.

Any one not being concerned about the upcoming August? There are a lot of predictions about that and if that is true, bitcoin price will be decreasing. I just hope it did not. But anyway, we all know how bitcoin moves it price, it moves in the way that we are always surprised by it.

i think bitcoin price still range 2500 - 3000 dollar/bitcoin
after reach bitcoin price can down again, still very dificult to reach 3500 dollar

I think that way also, but I still don't know if the price will reach $3000 or not, becayse the time it reached $2500 the price dump because of the correction, what if it happens again? But I will just earn bitcoin as long as I can, I am also doing faucets and PTCs, it may not be that profitable, but I can put my time earning them, I am not that busy you know.

Im expecting this to happen, the sudden down was only made by profit takers ,selling thier bitcoin in exchange of a little profit. So far it ended and we will see bitcoin price to a rampage mode going up again . Lucky to those who hodl.

As of now, bitcoin has run up quite a lot. I feel for the long-term stability now bitcoin prices need to stabilise around 2000 range for some more time instead just moving upward. If it is stabilising at the current level for a longer time then in future we know that prices may not go down below 2000 range, but if it continuously moves up, then we will always have an uncertainty of crash feeling.

Bitcoin is ready to get to a new ATH since there is more people interested in it than before. Since the Ransomware thing happened the news already directed people to watchout for Bitcoin and when the price of Bitcoin goes up the people will get interested in investing in it more than ever.

Hope so and you have a good point.

But for me, no need for 60 days to test the sustainability to launched again another journey to skyrocket price. Possibility to reached $3,500 can happened even less than 30 days. Back at $2-- price, the advice is to hodl, so definitely with the current price and continous boost, there is more reason to hodl more. Let's take advantage of this and feel what bitcoin can give us more.

Lets get the party started,im waiting for this skyrocket price in this month so isaved up enough bitcoins to catch up for the incoming huge price hike as professionals traders predicted too

This is possibly true because the correction is gone and the only way for bitcoin is to go up so now i'm rushing to buy a lot of bitcoins and hold it for long term investment purposes, I believe that in the month of july the price of bitcoin will start to go up very high because of the possible demand and the hype of events in august.

The party will have started as soon as possible. But the bitcoin must get another good announcement. Tha give the trader will not try to miss bitcoin. The huge price will come as soon as possible. Just be patience person

I think 3,500 USD is a little low. If the changes are implemented and go over well(most miners/users/nodes agree) then it should be a lot higher.

+ there is a lot going on in other countries where banks are allowing people to invest into BTC with their stock portfolio to diversify. That is probably the biggest thing for us HODLers, because people saving for retirement will hold onto BTC for awhile most likely. In the USA you hold onto it from the age of 20 something to 65 something when you retire. If only 5 million people bought 1 BTC there would be none left on open market likely= huge price spike.

Think how crazy the price is going to go when everyone has BTC in their savings. To buy .1 would be like 3,500 USD.

The time will come when bitcoin will be at $3500, but i don't think that within 60 days bitcoin will be come at $3500.
But still i agree with you, but in my thinking the last 60 days of this year, than definitely we will see bitcoin come at $3500.
But in this time, bitcoin has volatility in its price. That the reason bitcoin still under $2500.

Who would have thought that the price from around 1300 USD last April (if I'm not mistaken) would have reach to almost 3000 USD recently before the "crash" happened? Now, it is really not impossible to have bitcoin priced at around 3500 USD in the next 60 days. It's just a matter of faith in the coin. It is also evident how people respond to bitcoin and how the population grows making it more possible to have 3500 USD in 60 days.

As stated the price seems to peak, for which strong reason too is there. The price pumps a d dumps is the perfect reason behind it, because the price used to sustain after a sudden fall and comes back. The same won't happen if it's a bubble or a big crash for the cryptocurrency network. Hope to experience the  $3000 barrier in a short.

Not sure if the party time starts or not. There may be further some dip possible in price in coming time. Also some country are in regulating the btc if it happens we may see the price to rise or else a dip in place if its ban btc. Need to wait for some time to get more clear picture on this.

He cant show anything since no one really knows if the crash is gone or not knowing about the price of bitcoin is too volatile and there are lots of unexpected crash to happen later on. It all depends on adoption and news but i do strongly agree on the thing that we should really accumulate bitcoin as much as we can because it becomes valuable everyday that passed but telling about $3500 on 60 days i can say it not still sure and there are really things do happen on its way.

The price is kind of going up, down and not really sideways so much like it used to. I am beginning to wonder if we will ever see a sideways movement that lasts longer than 4 hours again (not including Bitcoin exchanges down time). $3,000 is a very short goal to aim for.

I still find $3,500 within 60 days too optimistic. It's steep climbs that makes me quite nervous, though I suppose that is what attracts new entrants. I suppose we'd see a spike as demand from Australia increases but I suppose this could be moderated by people who are nervous enough that they'll pull out while the price is still going up rather than wait of a decrease.

We'll just have to wait and see. As for me, I've already reserved some that I promised I won't touch no matter what.

Woohoo wish you are right about that really hope to see it reach $3,500 ,
And it seems like it would really reach it because there are tons of new investor and lots of people who are getting interested about bitcoin.

i just know into this thread that Australia will admit bitcoin as the currency soon and if that so we will see more demand for bitcoin because i'm pretty sure Australian people will use bitcoin too and usually more demand the price also will increasing so might be your predictions will come true that within 60 days we will see new peak at $3500

the price of bitcoin again got the accelerator and i do not think that we have to wait for 60 days , i think it will not take more that  a moth to cross 3500 $. because people are still holding bitcoin and are not going to sell it in any cost. even more and more people are entering in the field of bitcoin which is increasing the demand of bitcoin  which s causing the demand of bitcoin to increase. therefore we are expecting that the price of bitcoin continue to increase more and more.

I will say its achievable with all the positive outlooks we have out there, then its possible without any withdrawal however, its by holding other factors constant because those factors could cause more harm than the good we are envisaging that might even take us back of the point of recovering to the point we are rather than increasing from the position we are currently.

I am not sure of bitcoin reaching $3500 in 60 days. But I too agree the fact that more and more people are getting into bitcoin at present. In India, there was such a huge demand of bitcoin last month that some local exchanges were crashed. I believe bitcoin will now grow steadily. This is the natural growth of bitcoin.

Does this mean bitcoin replaces australian currency or just legalize bitcoin?

At first I'm also not sure if bitcoin price will reach $3500 until $5000 but after seeing reviews from some sources and opinions of people in this forum, I think it might happen bitcoin price will reach $3500+ at the end of this month. If so now is the exact time to buy bitcoin, correct?

All now don't want to spend bitcoins in expectation of a miracle. Constantly thrown into the society information what bitcoin will be worth 10K-100k. I don't believe it, but I'm sure the price will continue to rise. Judging by the mood of 3,500 is not the limit for bitcoin.

Give it a double time span and i think its doable to get that target.
More because the recover time from dips are getting faster and faster.

undoubtedly that there are big expectations in the increase of bitcoin prices but it is pretty hard to reach such amount within such near time
, since the fall of its price  was before a little time so the buyers are not confident to invest high amounts of money in this period of time

regards
SuperSnic

hahahah, it's not gonna happen at least not in a few months time. First of all bitcoin is going to drop right now because it was going up for quite a while and it has to have some kind of a correction soon. Besides that there is going to be a uasf soon most probably what might even lead to a chain split what would be horrible for bitcoins. To be honest, if I had a lot of bitcoins I would just sell it now, though it's just my opinion.

I would say that SegWit will be activated, and it is not only possible but probably it will happen in some time.
Indeed, Segwit is something very important, because you cannot really rely on bitcoin without it: after all, you have to wait an hour to get your transaction confirmed ( if you choose smaller fee ) and if you are willing to give a lot of satoshis for that purpose, then maybe you will get it in first two blocks: but that is still a lot of time, probably like 30 minutes. The blockchain throttle is currently way too small to make bitcoin a payment system that you can rely on.
You cannot really use it for micropayments, because the fee is already too high, and same with confirmation time.
In fact, there are many new people interested about BTC, but the madness has finished, and I dont really expect to see 3000$ price level crossed in this year.

Buying now is really very beneficial because the price will increase much faster like in the previous month and as it was said before that the price of bitcoin will reach to $3500 or $5000 then it will happen now. You will see that within a month the price will reach to more than $3500.

Don't be too sure, anything can still happen.The price could skyrocket as suggested, but it could also plummet. Whatever happens, this is a very important month for bitcoin. I can see it consolidate $2500 at the very least.

I hope also the crash is gone, and I want the bitcoin price continue to increase and I hope the price will be $3500 each in the next 60 days. I think after Australia adapt and use bitcoin for sure the price will increase high because many people there for sure use bitcoin. But no one knows what is the exavt amount of bitcoin in the next 60 but I hope more than $3000 so I earn a lot of profit. Buy bitcoin now before its too late.

Rocket fuel : https://bravenewcoin.com/news/japans-largest-forex-market-opens-bitcoin-exchanges-to-overwhelming-demand/ (https://bravenewcoin.com/news/japans-largest-forex-market-opens-bitcoin-exchanges-to-overwhelming-demand/)

I think bitcoin dropped back from $2700 to $2000 wasn't a crash instead just a correction after rally which make the price increase significantly. High price of bitcoin was very tempting for people to sell their bitcoin for cash obviously, when people sold out theirs, that's why correction happened​.
Right now, bitcoin still at $2300-$2700 depend on the exchanges but I hope it will increase again due to adoption from several countries seems increase such as mentioned above.

Sure more people over bitcoin can make the price to raise but 3500 dollars sounds a bit unrealistic, but the thing is bitcoin were traded at 1200 and it has double with the last recent news soo yes with bitcoin the sky is the limit.

I agree with you, more people, more news about it and it's going to be even more off the charts :O

and even now it still is.

I'm just wondering what imapact this will bring?

Im feeling this bitcoin  price to be achieved before the year ends,despite the demand is getting bigger and bigger and there are still profit takers that will make the price go down for a while .but 3500$ is possible within this year.

There are not proofs given for any speculation, but the truth is that bitcoin seems stable enough at this point, and while the crash may continue the truth is there are no signs of that in the charts, so as long as we receive some other good news about the development of bitcoin or about bitcoin adoption then it is very likely we are going to see another price increase.

Well the price has been steady for the past few days and it seem to has started going up. I'm specially looking forward to the 1st of July with Australia accepting bitcoin, and by then I hope that this crash situation will be recovered and from then we will see the price jump to, and this is just me, around 2800-3000$. Tho just the marketing and mentioning of bitcoin on tv can't be enough to bring a bigger number in.

I agree with you that this is only the beginning of the Bitcoin wave, which is likely to hit $ 5000 / BTC over the next three months, but maybe after Bitcoin reaches that level, what information? That shocked and made Bitcoin prices plummet. Let's look back at history in 2013, after MTGox took away the amount of money users, Bitcoin price is from $ 1300 to $ 500. So consider the current market, a fast-growing market that is easy to manipulate.

I have said before, and I'll say again that NO ONE can reliably predict the future (other than insiders, say).  Nonetheless, donbu7 made a great timing call several days ago, bravo.

Keep me in the camp of "Who Knows?, because I sure do not.

If the scaling problems get solved, then $3500 - $5000 would be my guess in the next few months.  At those prices, it might be smart to cash in some BTC profits for gold...

Of course are good news that Australia will consider as currency the bitcoin but I don't agree about the bitcoin price and the time period which this price would implemented. But I would like to ask OP if he has a good source to share with us, except his personal belief, where he learnt something about seqwit because this 'possible', imo, is far away from 60  days.

I hope this speculation will  come to past presently I think bitcoin is gaining momentum and I hope this is continue to $3500 when to expect a minor pull back or correction a wise trader will keep on holding the bitcoin. There is increasing global acceptability of bitcoin which makes it to be waxing stronger.

60 days from the day of starting this thread will be circa August 1st

That date seems to be a deadline for the current disputes about SegWit versus Larger Blocks to get finally settled. If they don't get settled (which might well be the case), the price may in fact crash. If they get, then it could rise, as simple as it gets. Anyway, these two months may happen to be a sort of tipping point for Bitcoin future (at least, for the next few years), and that would likely mean that fortunes will be made and fortunes will be lost

Not gonna happened. There are a lot of competitors that starting to pump. Like waves and ethereum. This two big coin are stealing the trading volume for btc.

I agree with you, big whales have recovered their sold bitcoins and now they will raise the price of bitcoin and we can see the next high target reaching. Other altcoins are also going high after bitcoin high transaction fees problem so once that problem is solved then the price can go high very soon.

Yes I think this time the price will fall once it reaches $3500. Today the BTC price is $2550 after crashing it is recovering slowly now. I hope this will not stop until it reaches $3000. I don't know for what reason the price went down before and increasing now but one thing I knew that it would recover. So now it's increasing let's see where it will stop this time.

We will provably hit $3000, but UASF is around the corner, so if we manage to get segwit already and kill Jihan Wu, or get some sort of agreement where we can all do this peacefully, we will hit $10,000 somewhere around 2018-2020

It depends on how good the next 3 months go.

I know that the dumping is finished and we are all happy that it was short lived. Some have sold their coins already and maybe buying back it again because the price is now going further and rising which is good. But bitcoin price is really unpredictable and seeing it going to $3500 in the next 60 days is very possible. Next month, we all know that Australia will adopt bitcoin as well. It is the second country after Japan doing it. This is a very positive impact indeed that can shove the price to a new ATH again.

According to some reports, Australia is a "Bitcoin desert"

Not that Japan is a Bitcoin oasis of sorts but we certainly shouldn't expect a lot of noise on account of Australia going to treat Bitcoin as a currency. How come? Because this event is likely already priced in. Moreover, the current rally was certainly not due to alleged exponential adoption of Bitcoin in Japan (there was just too little time for that to have any meaningful impact) but rather thanks to relentless hype that this event has caused. This is not to say that legalizing Bitcoin in Japan is non-event either, it will just take some time to actually reveal itself (as it happened with the last year's halving)

I agree about 3500, sure, it was known that crash will be soon, but now i think we are on our way to 3.5K :)
Not sure about 10K, let's see, but in nearest future we will hit 3.5K 100% :)

No shit about the price.

Also, Crash? So rising over 100% then dropping 25% is a crash now? You damn newbies don't have a clue do you? My god you're greedy. a 25% rise then a 90% dip, now that's a crash.

Haha so true. This was only a small correction, a moment of fear that it might be growing too fast, a time when shorters take their profits and wait it out, but when it doesn't want to go down they go back in and buy again. This is exactly what we're facing now. No willingness to sell and a lot of confidence in higher prices.

first we need to break out the $2500 and then $3000 then we can reach new price. i think we need to be patience to waited for new price because i see in the market, both in poloniex and bittrex, the price is changing so fast and now the price is on $244x soon we can break $25xx in next days.

I'm not sure why everyone in this thread seems to agree that there's no major correction on the way.
Even after the '13 dip, there was a prolonged uptrend before ultimately dipping. Have you all forgotten how fast the hype train can stop? The new money that got in becaus eof speculation's sake is the first to get out as soon as they lose money. I'll be like '29 run on banks where slow (even slower than usual) transactions increase tha pnic sentiment of the market.
Also, people don't need to lose faith in BTC as a whole, it is enough if they believe that they can make some BTC profits if they can buy cheaper.

It is this kind of circlejerk mentality that creates some kind of confirmation bias.

Also, in reference to 'the big short', people underestimate the likelyhood of bad things to happen e.g. hardfork

And how much money do you think came in just for speculation? Speculation meaning to go short? They did and we saw how much it was.
The correction on May 26th and 27th showed you how many people were in for a short ride. They all sold when it started to go down and what remained were the holders, who bought because they believe we can go much over 2,5k.
Have you forgotten we've been in an uptrend for over a year now?

It is not quite clear what you are getting at with that

Does it mean that we should be expecting a decline as long, or it simply means that the price will continue to rise further? As to me, this fact alone (that we have been in an uptrend for over a year by now) doesn't tell us much on its own. The price may continue to rise for a dozen years from now on due to Bitcoin adoption widening. Or this long term trend may in fact reverse, and we may start slowly spiraling down if Bitcoin adoption stagnates or even turns negative, for example, due to people moving their money from Bitcoin into alternative assets (say, altcoins)

The dump is actually has come to an end and currently bitcoin is at $2565 and at this price $3,500 is just a work away. This second upwards movement will definitely going to push the price above $3,000 and from there $4,000 before the end of the year. Japanese trader also influence this current gain and Australia adoption will definitely going to have great impact.

I agree with you
Decreasing in bitcoin price was just a correction. Demand for buying bitcoin will increase again. New peoples and also peoples who sold their bitcoins will buy again. As a result bitcoin price will rise. The 3500 dollar that you said is definitely reachable

I will wait after 60 days since the day this thread was created but I agree with the points you had given. There will be more people that will enter new funds to the market which will make the price of bitcoin pump. And that's possible to happen if they are going to buy as many as they can which will be beneficial to all of us.

3500 dollars is very possible to happen because many pepple until now still investing in bitcoin so the price increasing. This week the orice is stable they increase and decrease only. I hope 3500 dollars will reach in this month of june 2017 so we can earn a lot of money. 10,000 dollars each bitcoin is possible to happen but you need to wajt for sure few years before they reach it.

Yeah I think there are tons of people who are getting interested so I think there would be a lot of potential investor soon,
Really hope to see it pump up and reach $3,500 per coin real soon.

I will start keeping my bitcoins and hope that they it hits new heights very soon, if more and more countries accept bitcoins as a legal currency, the more the price is going to rise.

Russia also want to legalize bitcoin so it will bring positive value for bitcoin market.
I'm also try to gather more local investor to save bitcoin rather than fiat on their bank since bitcoin is really life changer for investment as I'm never regret to invest bitcoin until now

Bitcoin is always on the news. It will 3,500 USD or more and if it will get its high peak. More people will get interested in bitcoin because it becomes popular and the price go up. Bitcoin started before if you know how to have it or to buy it. All people regret by not owning bitcoin before. If they own 10 bitcoin before maybe they are a millionaire today. Some people created a new coin that can beat a bitcoin but they didn't. They can't what they want to happen. The only bitcoin can stand alone on its own. I am starting spread the word of bitcoin, even in my social media do that. If I convince to have this one, bitcoin price will rise up. The bitcoin will become limited supply and become in demand all over the world.

Actually it was short lived to say.

But we should not rest on our laurels yet. Japan is really pumping bitcoin market together with South Korea and China. But we should learn from the last dump that we should be careful what we wish for because next comes the dumping. So if in the future $3000 is breached, expect a correction and few dumps going forward. Just how the market works for bitcoin ecosystem.

Australia will be embracing bitcoin soon so it will impact the price of bitcoin but we can only speculate as to what price is can bring to us. Australia is different from Japan is terms of its attitude to bitcoin. We will have to wait and see then what action Australia can bring to us.

I think bitcoin will increase deffinetly, but the good news about this, that all altcoins will increase with it as well. A good sign for cryptocurrency world and community :D

The time will prove everything, all is just predicted, Bitcoin can reach $ 10,000 this year or for some reason back to the $ 900 price or worse, we cannot know the time bubble Cryptocurrencies broken. Keep your money is best choice!

That's not carved in stone by any means

We are still some 200 dollars below the ATH's reached in May, so this rebound may well be the second lower top which usually comes after the first correction (let's call it minor) before plunging substantially below the levels from which the price has rebounded (i.e. from 2,000 dollars per coin this time). I'm still thinking that we may have not yet seen the major correction (as per Bitcoin Oracle), down to 1,200 dollars where true support should be found

I don't think a decrease from $2700 to $2000 is a crash, consider how bitcoin rise up faster than we thought (bull run), so I prefer to said that just another correction which triggered by people who want to get more money instead of keeping their bitcoin. Furthermore, that was a common thing in bitcoin market, if we look at the graphs of bitcoin in the past.

There is no clear sign that a major correction will happen, I think the one considered correction were a dump from whales who are cashing out or just creating a fake sells to get cheaper bitcoin in the market.  All the news are telling us Bitcoin in uptrend path.  They are all positive in a way can cause a hype to further increase Bitcoin price.  But I do agree that somehow after this Bull run, a big correction might happen.

The news on bitcoin development seems positive. Australia will accept it legally in 1 July and they will regulate it. This should be a big boost to bitcoin. The 3500 dollars price is not so impossible within 60 days. I think if all the developments and news are positive making bitcoin go forward stronger than ever then the 3500 dollars price will be reached in a very short amount of time.

Mah.
No clear sign, no clear sign...
That's what they said 4 years ago too... I'm not sure it's an incredible idea to put all your hopes in a 3500 trend, that's a hell lot of money and I don't know why it should go up so fast. If we don't fall back to 1800 I would already be interested!

You should have been interested with the fact that before Jan 2017 started, no one ever thought that $1000 is real, let alone surpassing the previous ATH at $1200. Come March - May, we have seen a rally which is projected to happen in a span of a year but look, we made it in 2 months. From $1000-$2700 real quick, retraced to $1800 then strongly held $2000.

I wonder if we reached $3000, would you be interested on changing the price you'd be interested once more? ,

There where so much panic about the drop, but actually the price stayed on it's high level and didn't go downer of 2200$. Predictions were too pessimistic, some even promised 1000$ again. Nothing like that happen. I'm sure that bitcoin will hit 3500$ soon. HODL!

 I think that we would always see a crash this days but of xourse it would be more on a higher value of pumping than the dumping value of bitcoin price this coming days although i am really sure that we would reach that price i was also thinking that it would not going to happen really soon yet a slower phase pumping

1. Everyday, more and more people are getting interested in Bitcoin so there is no argument in there.

2. As they all say, any type of publicity is good for bitcoin. On the matter of Segwit of August, it is still uncertain. We still do not know what will be the impact of activating Segwit so this might increase bitcoin's price but it might decrease as well.

3. That will depend on how strong or what will be the impact of accepting bitcoin in Australia. If it will be just like in Japan, which is I doubt, then we might see your speculations or close enough.

no i do not think that there was any panic this time. although the price of bitcoin dropped about 1000 USD, but still people were confident that price of bitcoin is just taking  correction and after that the price will again start increasing. and now we can see that after some time the price of bitcoin has start increasing and i am hopeful that this time the price is going to cross 3000 USD and even will continue to increase more. 

How come you are so sure that the segwit will have immediate and positive results as far as the exchange rate of BTC is concerned?

Keeping your fiat isn't the best if you can invest them in bitcoins because these speculations about Bitcoin investments are credible based on recent occurrences on the global markets.

I guess it will be along the same lines as it happened with the previous halving

At first it was mostly hype, even before the actual event, and then, after some time after the halving, the real impact of the halving itself kicked in heavily (in the fall of 2016 and from then on). So it way well be the case with SegWit activation too. Once it becomes known for certain, people may turn euphoric on understanding that Bitcoin is not stagnating but in fact evolving, and that will give a boost to prices on its own

Humm can really be possible and I am very anxious for this, many of my investments I made in bitcoin and if bitcoin up helps me a lot

I hope that that would be true though what you said there dude is backed with facts. Australia's adoption would be a big boost to btc and i'm really feeling good about what you said about the price shooting to 3.5k. I'm not spending a single btc right now :)

The price of $3,500 usd is very reachable for bitcoin and i think we will see that price as soon as the fork is done because a lot of things will be on positive side and a lot of people will get comfortable in bitcoin for using it for the future and also for the long term run.

really? 10,000? that is very high i think we shouldn't expect higher or else we will be disappointed because bitcoin market is very volatile any so, expect that there will a sharp crashes and skyrockets although i speculate that bitcoin can reach 5000~6000 in the year end if there no corrections nor factors that can contribute for price crash.

this really shows that btc popularity were increasing day by day ,does we need to go with its advancement and buy now to enjoy the $3500 value

yes indeed if you can invest some of your money into this system the results will be depend whether adoption of crypto currency will continue
in the next coming years like what every one said its a risk but if we succeed a big potential to earn a lot just think about those early investors
who support this project way back 3 years ago.

i think due to the acceptance of Australia in the coming month the price of bitcoin will become very high, as you did not see that the price of bitcoin was very low and when the japan accept bitcoin the price become very high as it reach to 2700$, it also droppped down but now today bitcoin is recovering the price, so think that after the acceptance of Australia how much the price will increase?
i am sure bitcoin will cross 3500$ soon.

3500 before 2500 ? could be a correction before 3.5k

Wow, You are predicting a really big price here. I hope that bitcoin price will hit 3500$ but I don't think, but who knows what will happen next? However, In my opinion the price will stay at around 3000$ and will come back but we all want the price to raise.

With the price of bitcoin and the volatile nature of the coin,it is not a big prediction,it is a really possible target to achieve in the short term as no one expected the price to reach two thousand dollars this year and look how the market changed all of a sudden and another rally could take the price over $3000 without much hurdle.

Hopefully that will materialize in the coming few weeks and we will be able to increase our Bitcoin stock, there are a few more corrections that will be done on the network and I hope amicable solution will be found soon.

It's nice to see another country will accept btc again. It would have a big impact in the price. I can say now that $3000 price is very possible in less time.

What i'm thinking right now is, what if atleast 10 countries will accept bitcoin 3 years from now. Oh my, I can't imagine what would be the price is if ever that will happen.

lots of country were intersted now so hoping for more increase in the next few days.

I think you misunderstood the Australian ATO publication .. Australia is not accepting BTC as a currency, it's simply doing away with the double taxation on transactions with all & any Alt coins. When i can pay my Government duties in BTC or Alt coins, is the day it will become a currency.. long way off before that happens.   

Still it would boost price either way because with the double taxation on transactions using cruptocurrency gonr, many more users from that country might use bitcoin. You are right though in saying it would take a long time before Australia accepts BTC as a currency but the main point of OP here is that price would increase to 3,500 $ in 60 days so let it slide and just wait and see whether OP's prediction will happen or not.

There was no crash to begin with, actually. The profit takers deemed it was time to sell so the price went down for a while after breaking the $2800 price. No negative news came out and now the price is stronger than before and looking poised for another surge past $300, as evidenced with the demand and interest for bitcoin growing by the day.

That was rather a minor (well, mostly) correction

I wouldn't call it a crash, either, but let's admit it that the OP was rather accurate and precise in his predictions of this correction. Regarding the rebound itself, as I said before, it could just as easily be the price going for the second top before the real correction (which could be rightfully called a crash) sets in. And then everyone will be happy to prove the Oracle of Bitcoin wrong. Though I don't know if they will be as happy with the prices hovering over 1,000 dollars per coin (or even below that)

I don't think Australia's tax change on BTC will do anything to the price of BTC , simply because we in Aus do not have big BTC infrastructure. However, it may open a few doors up with retail sector slowly opening up to the idea of excepting BTC as a form of payment.

Anyway, i think SigWit will more an impact on BTC then anything else i'm hearing.  

Yes, that news about country that accepting bitcoin is really give a good impact into bitcoin's price. The price of bitcoin is around $3800+ right now and really close to $3000. I don't know if the price of bitcoin can reach $3000, but i'm afraid that the price will goes down again like the last time happened.

Not only we'll hit $3500 sooner than 60 days but rather sooner than 20 days with the current bull market that I see since yesterday, also we might not be getting a chain split after all because from what I see this has gone too big for anyone dare to split the chain, so yes if we just go past the $3000 record and make history I believe rising above $3000 will be an easy task at least for the well invested whales.

Actually looking to the past, this comeback was really odd because the crash wasn't massive (comparing it to the mtgox all time high). I honestly thought that it is going to be dumped all together with other alts to at least 1300 usd.

However, the massive resistance was broken and the price skyrocketed again. Also the growth will be fueled by the fact that the market cap of 100 billion by all the cryptos added together was reached. We can expect a massive pour in of money in the coming days as people will be just going in recklessly.

By the way, good news from Australia, I was thinking to move there for quite a long time as it's my dream country. The fact that it is going to accept bitcoin as a normal currency adds just another plus to my desire to live there haha :D

Yeah, that's crazy how the price is going to be pumped in the upcoming days. To be honest I earlier thought that it might be dumped by the upcoming uasf situation and possible split to two coins what would be just disastrous. But just look at this guy: https://www.youtube.com/watch?v=vVFGdXq8NWA

Basically what he's saying is that it is possible that people who don't know anything about bitcoins in the programmer way and the ones who don't know about segwit and uasf will take it as good news. Thus it will make them buy even more bitcoins and make the price go even more up. That's some crazy stuff, however as long as it is good for bitcoin, I'm happy.

Actually a chain split and increased blocks size would be the best option in the long run. If we're just looking at trying to get the price as high as possible in the shortest time then yeah, lets rather keep it like is

Oh Yeah, I forgot about Australia, to be honest I do not know if bitcoin is as big in Australia in order to make the price grow that much, when Japan accepted bitcoin we knew the price will skyrocket because bitcoin is big in Japan, but Australia, I have my doubts.

I guess that you meant $2,800 instead of $3,800.  ;D

Anyway, yesterday it went all the way up to $2,950, before falling back to $2,650. There was a lot of resistance at around $2950-3000. But the correction or the crash that followed it was rather mild. The next spike is going to take us beyond $3,000. If it is not going to happen today, then definitely it will happen sometime this week.

Nah, I think that the recent price increase is not affected but this acceptance since Japan have announced the acceptance of Bitcoin as illegal tender a few months ago and nothing significant happens towards the price.
I just think that the cryptocurrency is just overvalued that makes the demand overwhelmingly increasing, but I was wrong. The cryptocurrency still undervalued in some people's perspective and now goes to overvalued because the price is now absurdly high. But, it's a good thing still.

That may not be the case

Basically, we made the second top which is what could have been expected after the first, "test" wave of correction. As much as I myself want the price to rise further, we may still be on the brink of a full-fledged correction, or rather crash, down to 1,500 dollars per coin and below. That would mean that the Bitcoin bubble has finally imploded. Add to this fear, uncertainty, doubt due to tensions escalating in the Bitcoin camp as of recent and you will have a reason for Bitcoin prices to stay low until the dust settles or Bitcoin dies in the process

Nope it's really going to be hard for bitcoin to reach 3500$ in the next 60 days because there is extensive trading going on which isn't allowing the price to reach 3000$. People are just selling at 2900$ which leads it to fall to 2700$ and this has already happened twice. If people stop selling at 2900$ then only we can expect a increase otherwise it will be hard

I think that this imaginary treshold of 3000$ could be broken, no matter the selling. This panic selling performed by some users is happening all the time but still this is not the only thing that influence the price. Just three months ago very few even throughout that the price will exceed 2000 and where are we now. When it comes to Bitcoin everything is possible.

There really wasn't many resistance on 2k$ and despite price falling it went up! I am strongly positive that we will break 3k$ the next month when australia legalize bitcoin and crypto currency in general I crossed my fingers and hope for the best!

Buy bitcoin now, then use to trade altcoin for daily profit.
And sell bitcoin when the price is more expensive from buy price, with this you can get double profit  8)

As we all know in trading there is always ups and down in terms of pricing in the market, even it dropped the price value, it will
 surely resume the original value or more after a couple of weeks. And if that happen that within 60 days  it will become 3500$ that's a great  news. Every bitcoin enthusiast will be happy including myself.

I also noticed that the price is getting increased and is recovering again but it is not that faster as the previous jump we can assume that the price will finally hit $3500 but I am not sure if it will happen within 60 days from the day that you've made that prediction unless the price jump will occur once again but if it still going slowly probably it would take 2 to 3 months I guess .

This is called consolidation phase

Basically, the market is just waiting how things are going to unfold in the next days and weeks in respect to the showdown between developers and miners. If there is strong evidence that SegWit does get activated smoothly and without hurdles as well as further delays, the price will be rising as fast as it had been in May (if not faster). Otherwise, the outcome is completely unpredictable, especially if two Bitcoins are set to emerge

At this moment people are trying to understand where bitcoin will reach on the next days, its impossible to predict, the only thing almost sure is we wont see anymore bitcoin lower 2000 dollars, with Japan legalization looks like several whales has joined bitcoin, and the market is reacting those, the supply and demand is starting to work over bitcoin.

The difference is only $700, bitcoin price trending can achieve this within a single week, so it can surprise us. Bitcoin price is very unstable now as the price goes up and down with a difference of $200 sometimes and this means a lot to traders.

What I am worried is that people have holidays soon and are less active (unless they setup the bots :P), and/or probably will spend their bitcoins on holidays. I expect the target of $3,000 to be reached in the Q3 of this year as it was very near in May.

We will touched $3000 eventually. But for me this is boring phase for bitcoin. Although this is much better that the price swing we saw last May. Maybe investors are just busy or in vacation we don't know. I just hope that if ever we reach $3000, there will be no dumping again, because for me its a mental barrier for some of the casual investors.

It all depends... it can dump as bitcoin is highly unstable now (not referring to just the price but to block size debate which is stopping it to grow more) as some people come just to make pure profits thats why price dumps and thats why some are calling it a bubble as its price is not stable to be used as a normal currency.

That is basically what I am doing right now. I am trying to earn as much Bitcoin as I can and I'm buying all the Bitcoin I can with the spare money I have. I am literally living paycheck to paycheck because I have been buying so much Bitcoin.

Dont worry. More people will spend their money to buy bitcoin and I believe that the price will hit $3500 soon. I love bitcoin when it is stable like this because it let me know that there will be a big bump in the next few weeks

Yes, we do not need to worry as per current trends of bitcoin price movements. Bitcoin prices are staying rock like stable right now, which may trigger another upward momentum at any times. When we will be having another wave of rally, I am expecting $5000 levels to be reached hence $3500 might be achieved in a week time.

The bit advantage of bitcoin rally to continue by itself, it get wide media coverage around the world which convince many people to start think about investing into bitcoin. This way some experts predict bitcoin to hit million dollar levels soon like in nest 5 years.

The price of bitcoin as of now its already $2800 and its closely $3000 and I think that price will happen in the next week. But it depends on the demand but i hope the price will increase more that I expect. I think this the most exciting part of bitcoin because that is the highest price of bitcoin historu. So its better to buy bitcoin if you have extra money dont waste your time . Buy and hold and make profit.

You an the OP is right, the price of Bitcoin could increase really fast and $3,500 Bitcoins could get to people's reality and it would only bring more confidence that the price of Bitcoin is nothing. People could survive from getting paid in Bitcoins in the near future who knows how Bitcoin will function then.

I dont know how much the Japan does hold already in bitcoins, and how much they are looking for, the only sure is since they legalized bitcoin price has double and looks strong to remain above 2300 dollars. There isnt nothing new to make the price to jump again, but the segwit might be one of the news of the year, with that maybe market can react and reach bigger values, but not into 60 days.

I agree. The japanese acceptance boosted btc stock to a consistent high price. And with australia following suit in less than a month, we're all looking at another great run. 3.5k isn't a hard target to hit in the next month or two and who knows howbfar beyond we'll go in the ensuing months

We might hit this target sooner cuz we saw twice so far that price reached 3k and then fall down for correction, now think that this time we will easily cross 3000 for start and then in next week or two we will come close to 3500.

For me $3000 could be hit before the end of the month. Right now, another correction has just happened, so its gonna be a slow start again and it gain momentum starting next week and for sure it can reach $3000 soon. I don't know what will be reaction if we are going to see this price hit $3000. Maybe we will see another dumping. But I hope I'm wrong so that we are going to happy when we breached $3000.

Yes third time and this time im expecting for price to be over 3000 little longer and think we will be very happy after this correction cuz price is stable and it wont go down bellow 2400-2500 per one bitcoin. This give good chances for price to go up high again and this time target can be much bigger then OP predicted 3500 in next 2 months. Believe that after activation we will truly see big price change

Still depends on the demand , if the demand is high expect the price to boom in an instant.  And these past days bitcoin has been struggling and go down because theres a little dump that created panic selling.

Small dump is sometimes good for the market ;)

60 days is a big range for the prediction and it is most likely that this will become a reality.

1. This is a normal thing. Every single day, many people are getting interested and being engaged in Bitcoin so there are so surprises there.
2. News are crucial in the growth of Bitcoin. Regardless of what type of news it is, the important part is it is being reported in the public. This will result to number 1.
3. That is the major lever here. We've seen the effect of the formal acceptance of Bitcoin as a mode of payment in Japan and it was/is very positive so if Australia will follow the footsteps of Japan, buckle your seat belt. 8)

Sounds great news to me, if august come then finally Bitcoin will be declare as their currency. And it will be a great advantage for us because the price of bitcoin will be increase up to 3500$ at least some of the 15% of my bitcoin holding I will sell it.

These are sure good omens for bitcoin - especially Australia's adoption. It's one of the main reasons why there are members that aren't shaken by the recent dump/crash/correction whatever.

It's always been a fact that the more users bitcoin has, there is a large tendency for prices to go up.

The moment we break past the 3,000 psychological barrier, 3,500 will not be far off. I guarantee.

Agree, such dumping is something that will make a very large pumping in the near future. Collect and store your bitcoin if you want to get rich in the near future because the real journey to the moon has not started yet.

Hopefully that staysntrue to its course. Though i think yeah there's a strong reason to believe that we may hit 3.5k soon, maybe nit thia month or the next, but certainly this year. So for those people who panicked and sold their btcs, you may be regretting doing so and may need to replenish those btc stocks

The next two or three months could prove to be crucial and historical for bitcoin, as either actions (UASF, UAHF) could all result to a split where there will be two bitcoins competing head on. Many different scenarios are being baked but we would only know what really happens when we get there. So this could play a big role on whether the price is going upwards or hit a low like we have never seen in a while.

Yes,bitcoin price is recovering quickly.Not only,the above mentioned reasons are responsible for price rise,but also india suddenly showing green flag to legalize bitcoin.India being the second largest populated country in the world would definitely contribute more for bitcoin progress.India accepting to legalize bitcoins has definitely added fuel to the fire.

The bitcoin itself making its basement much stronger by survivin in dumps. It's like creating a base around $2,500 so that the future will be easier for bitcoin to rise up.

I absolutely agree with you. I surely think that the crash is gone for good and now we can expect a massive growth in prices of Bitcoin within a month or two. There can be a increase in Bitcoin price many time because of segwit as well so yes Bitcoin can reach 4500$.

The clashed is all most over and prices has started recovery. From now to august were we may likely experience hard fork issue, I expect price of bitcoin to continue moving up to op predictions of $3,500.

Yes after big dumping now the price is stable at $2500. i think the price will stay here for a long time. Maybe we can see next big jump this year end. Many experts also predict that the price will cross $3000 this month, but it is not possible. Still, we need $1000 increment if we reach your target so I am not sure this will happen or not.

You cannot determine the future of bitcoin just like that,the scaling is coming up and it could improve the network and could accommodate more users and faster transactions and it will be a matter of time that the price cruises to new record breaking rally,you really say never when it comes to bitcoin because anything is possible with bitcoin and just think about the brighter side. :P

Once the "threat" of uasf is past and a winner has been decided I think we will see prices above $4000, maybe even above $5000 just wait for August and HODL.

Yeah surely, the crash that occurred recently was because of a panic sell or dumping I assume. But there was a plethora of other reasons as such as exchanges getting ddosed and other problems this week. If the same problems do not reoccur in the coming days, we can hope bitcoin to gain more value.

But I think the recent crash is not a big matter and not a big dumping, so I'm not at all concerned about it. Crash will are still there, but that are just normal and commonplace moves. And yes, we will see 3500 usd in the near future.

I was thinking the price crash was due to more information/articles being written about the upcoming 'IMPORTANT DATE' 1 augustus where all the fuzz is about. People are being talked in to 'withdraw BTC to USD' and wait for it to blow over or withdraw BTC and get it in an offline wallet and what not. If people are not really into the technique, those kind of 'procedures' to survive a transition can be really scary and are also signal being sent that shit just might go down and go down dirty. I don't know what to expect neither so I won't blame anyone for not buying multiple BTC's. So that was my explanation on why the price crashed. Appearantly there are now signals of the majority has agreed to have an easy transition on august 1st and perhaps thats why its now rising a bit by bit again.

Good observation.

On this point, do you think we can predict downward/upward trend from the selling/buying needs from major exchanges?

Nope it's really going to be hard for bitcoin to reach 3500$ in the next 60 days because there is extensive trading going on which isn't allowing the price to reach 3000$. People are just selling at 2900$ which leads it to fall to 2700$ and this has already happened twice. If people stop selling at 2900$ then only we can expect a increase otherwise it will be hard

So ride the wave is what you're saying?

I dont follow here for some months, but well it looks like the op well almost sure a pump would come, and well we are above 4200 dollars already soo if someone had followed op had made a decent profit by just holding the coins on those period.

The best thing to buy is now, those who hope that bitcoin will fall further should have a change of mind right now and discover the bitcoin movement up! Hopefully the market will respond positively to the upcoming news because it is unpredictable.