[2017-11-27] Bitcoin Price: A Rally Of A Cosmic Speed

[Vladdirescu87]

The BTC price is getting hard to track as it’s speed is literally becoming cosmic.

We have hardly had time to report that bitcoin has hit the $9,000 threshold, and it has skyrocketed even higher, to the price of $9,700!

However, shortly afterwards, we have seen it coming down to $9,600, but it can be called a fall in no way. BTC is marching upwards and it is very likely to hit the $10,000 threshold even before December starts. On the other hand, the market is highly unpredictable and volatile at the moment, so even the experts are hardly able to make forecasts relevant enough.

It is worth mentioning that recent market events are more than favourable for such growth as Bitcoin is getting more and more widespread. Even such traditional financial giants as JPMorgan are becoming less hostile towards cryptocurrency, probably influenced by CME Group’s BTC futures.

The full article: https://coinidol.com/bitcoin-price-rally-of-cosmic-speed/

[steadyrice]

I think the resistance at the $10K level is going to be the toughest resistance bitcoin has ever seen so far. Even if we manage to go past $10K, it's going to take some time until bitcoin gains a foothold past the $10K martk.

However, I was very skeptical about reaching $10K before 2018, and now it looks so close. The price is going up at a dizzying speed.

[greeklogos]

I think the resistance at the $10K level is going to be the toughest resistance bitcoin has ever seen so far. Even if we manage to go past $10K, it's going to take some time until bitcoin gains a foothold past the $10K martk.

However, I was very skeptical about reaching $10K before 2018, and now it looks so close. The price is going up at a dizzying speed.

For like a month people from the forum were discussing 10k$ by the end of the year and that was from 5-6k$ point, now, when it's just couple of tens of dollars till 10k$ and this speed with which bitcoin is growing really impress. Now we can start talks about 15k$ by the end of the year  cause of with this speed it doesn't seem so impossible!

[richardsNY]

I think the resistance at the $10K level is going to be the toughest resistance bitcoin has ever seen so far.

Yes and no. Yes, because it's a point where people expect the market to correct once it touches that level, which is something I can definitely agree with. No, because this market can't be compared with the market from last year. We'll either blast through $10,000 and go up further, potentially all the way till $15,000 which might take till next year, or we'll start seeing a correction soon. Another possibility might be that we don't touch $10,000 at all, and just fall back down to lower $8000's for a while. The market can get the price to over $10,000 within 10 minutes, but what large players will dare to make a first real attempt with all aforementioned in mind?

[fisheater]

I think the resistance at the $10K level is going to be the toughest resistance bitcoin has ever seen so far.

Yes and no. Yes, because it's a point where people expect the market to correct once it touches that level, which is something I can definitely agree with. No, because this market can't be compared with the market from last year. We'll either blast through $10,000 and go up further, potentially all the way till $15,000 which might take till next year, or we'll start seeing a correction soon. Another possibility might be that we don't touch $10,000 at all, and just fall back down to lower $8000's for a while. The market can get the price to over $10,000 within 10 minutes, but what large players will dare to make a first real attempt with all aforementioned in mind?

I also think that bitcoin won't pause until it hits $15000. This year the price will be over $10000 and a small fallback before continuing.