[2017-11-29] Bitcoin Price is Exceeding All Expectations: It’s Over $11,000 Now

[Vladdirescu87]

It seems the market has gone mad. Bitcoin is surging further, reaching all-time highs every day. However, despite such an overwhelmingly bullish uptrend, there are high chances of a significant correction.

As of Wednesday, November 29, Bitcoin is traded at a rate of over $11,000. In the morning, CoinMarketCap showed the price at $11,082. The uptrend exceeded all expectations, having hit the $11,000 threshold far earlier than was anticipated.

Some experts anticipate an even more significant bullish trend. Billionaire hedge fund legend and former Fortress executive, Mike Novogratz, thinks BTC will hit as much as $40,000 by mid-2018 due to a large number of institutional investors entering the market. He stated on CNBC’s Fast Money:

“There’s a big wave of money coming, not just here but all around the world. What’s different about these coins than other commodities … there is no supply response here. So it’s a speculator’s dream in that as buying happens there’s no new supply response that comes up. So every price move gets exaggerated. It’s going to get exaggerated on the way up. There will be 50 percent corrections. It will get exaggerated on the way down.”

https://coinidol.com/bitcoin-price-is-exceeding-all-expectations/

[greeklogos]

I see on YoBit that 24h high was 11250$ Bitcoin, please, not so fast!
I don't know why the price is rising so fast. I just see on the exchanger that people are keep buying coins even at such highs! And when I joined 1k$ per BTC seemed to high to me and now it's 11k$! I can't believe.

[Slow death]

I see on YoBit that 24h high was 11250$ Bitcoin, please, not so fast!

he is not fast, if we did not have the drama of segwit2x and china, the price of bitcoin would probably be this current price, you are not satisfied with this price? We have reasons to have a good end of the year.

Some experts anticipate an even more significant bullish trend. Billionaire hedge fund legend and former Fortress executive, Mike Novogratz, thinks BTC will hit as much as $40,000 by mid-2018 due to a large number of institutional investors entering the market.

I like his predictions, but I think this time he exaggerated, he equals John McAfee and his prediction:

" When I predicted Bitcoin at $500,000 by the end of 2020, it used a model that predicted $5,000 at the end of 2017. BTC has accelerated much faster than my model assumptions. I now predict Bircoin at $1 million by the end of 2020. I will still eat my dick if wrong. " John McAfee

 if we were in the $20,000 it would make more sense to dream of $40,000, but dude, not even in the $15,000 we are

[Hexah]

It really did reach but as per review right now it really dumped down by whales but I'm always positive that it will pump up again I know that whales driven up but more bitcoin followers is really the reason thay it pumps up. If it could hit by $15k by this year that would be a merry go round blessing this Christmas and New Year.