[2016-02-19]Bitcoin short term target is $450.00

[Blawpaw]

Bitcoin short term target is $450.00 as global financial markets lose trillions, according to Venture Capital Partner Keith Gilabert

Keith Gilabert of Fina V Capital says,

“Bitcoin is a very powerful vehicle as this asset offers investors liquidity as markets suffer their worst start to a trading year on record.”

Beverly Hills, CA, USA- The global markets in the first eight days of trading have loss over $3.17 trillion according to Howard Silverblatt, senior index analyst at S&P Dow Hones Indices.  Further adding pressure to the Global economy is crude oil prices dropping to a 13 year low of $27.00 a barrel.

The President of Fina V Capital Keith Gilabert stated,

“Market volatility actually helps promote alternative assets such as Bitcoin (BTC).  In times of fear and hysteria, sophisticated investors such as hedge funds and venture capitalist seek out alternative investment opportunities that offer upside and liquidity, which Bitcoin offers both.”

Fina V has issued a short term target of $450.00 for Bitcoin with the next resistance at $600.00. 


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[Gahs]

This seems to imply that for bitcoins to be accepted, the dollar has to fall. I mean the international market has to crash, well I would have preferred a healthy competition that does not involve the market-crash scenarios.

[richardsNY]

It sounds like quite a fair prediction. I think within a few years that more traditional traders will look for an alternative as Bitcoin. Bitcoin can offer them a great return on their investment and above of all, it will be seen as safe haven in times where all other investment options are losing their shine.