Bitcoin's Next Direction 2017 Predictions

[baritus]

It looks like we did reach $800 after all. Range trading for a while I expect but possible it could drop lower so waiting it out.

[Glucose]

It looks like we did reach $800 after all. Range trading for a while I expect but possible it could drop lower so waiting it out.

I guess it definitely could go lower. But on the long run it's probably worth way more anyway so I try to collect bitcoin little by little whatever the price is.

[marcuslong]

Your prediction is good but as of now its not happening im hoping that in the next month bitcoin will be on that price again i don't lose hope because im believing on bitcoin where i can get money from trading and investing on icos.

[mundang]

Here we go again 700$. Looks like bitcoin price at 700$ again.  When i look at the price this morning it was only 907$ but now it went down to 700$ and gained some power again to stay at 800$ .

[baritus]

I don't think it will take a run at $1500 very soon. Maybe towards the second half of the year. I expect range trading to last a while.

[icecube45]

Here we go again 700$. Looks like bitcoin price at 700$ again.  When i look at the price this morning it was only 907$ but now it went down to 700$ and gained some power again to stay at 800$ .

Bitcoin price at this time is around $ 800, and it fell from the previous price. I think if bitcoin prices are still falling it until $ 750, after which the price will go up and normal again. The fall in prices I think are reasonable in the market, because it is impossible prices will remain above because the dynamic interaction between supply and demand so that naturally fluctuates. For prediction in 2017 I'm sure will be improved and I agree with the OP that the price will rise to $ 2,000 at the end of the year.

[jseverson]

Hello,

After successfully predicting BTC moves in 2016 here on the forum, I have a new set of 2017 predictions that I'm using to trade the current move.

1. Rise to $1,200-$1,300 (Current move)
2. Correction to $800-$900 level and range trading for a while
3. Rise to $1,500
4. Correction to $900-$1,000 and range trading for a while
5. Continued rise to $2,000 by end of year

tldr; BTC will double this year after making a couple of moves up and down.

I  would agree with your prediction bitcoins price will be more pricey and maybe it will become $2,000 just like the 2015 but if the price will increase $1,500 it continuous to increase there are no big changes it will play around $1,000 up to $2,000

[susila_bai]

Hello,

After successfully predicting BTC moves in 2016 here on the forum, I have a new set of 2017 predictions that I'm using to trade the current move.

1. Rise to $1,200-$1,300 (Current move)
2. Correction to $800-$900 level and range trading for a while
3. Rise to $1,500
4. Correction to $900-$1,000 and range trading for a while
5. Continued rise to $2,000 by end of year

tldr; BTC will double this year after making a couple of moves up and down.

I like the way you have given your prediction and i am having the familiar thinking of the bitcoin range and if the range is broke let it be down or up it will be very bad or good. Like if it cross below $800 then we can see a lot of selling pressure and we can test $650 also so this range is very crucial.

[Tanic]

It looks like we did reach $800 after all. Range trading for a while I expect but possible it could drop lower so waiting it out.

I guess it definitely could go lower. But on the long run it's probably worth way more anyway so I try to collect bitcoin little by little whatever the price is.

Bitcoin fell down from 1000$ and that was expected, the new year present didn't let do long as we expected. I think bitcoin will rise back again and even get close to 2000$. But bitcoin will never reach the price 400-500$ ever again.

[pealr12]

Bitcoin direction for this whole year is going north.  So fasten your seatbelt and were going to the north and reach for the sky. Dont worry if the bitcoin went to a sudden drop this day but im sure bitcoin will recover after few days.

[South Park]

Hello,

After successfully predicting BTC moves in 2016 here on the forum, I have a new set of 2017 predictions that I'm using to trade the current move.

1. Rise to $1,200-$1,300 (Current move)
2. Correction to $800-$900 level and range trading for a while
3. Rise to $1,500
4. Correction to $900-$1,000 and range trading for a while
5. Continued rise to $2,000 by end of year

tldr; BTC will double this year after making a couple of moves up and down.

This are nice predictions, my predictions are not as elaborate but I also think we are going to reach new historical highs for bitcoin in this year my prediction is 1440 to 1650 but if we reach the 2000 mark I will not complain.

[Mastsetad]

Hello,

After successfully predicting BTC moves in 2016 here on the forum, I have a new set of 2017 predictions that I'm using to trade the current move.

1. Rise to $1,200-$1,300 (Current move)
2. Correction to $800-$900 level and range trading for a while
3. Rise to $1,500
4. Correction to $900-$1,000 and range trading for a while
5. Continued rise to $2,000 by end of year

tldr; BTC will double this year after making a couple of moves up and down.

Though your prediction seems good, but i feel bitcoin is not going to stop right now, it may drop even more or it may start growing again and it may cross the price it reached recently or it may even drop back to $700 or something if it continues like this, maybe by the end it reaches around $1700 possibly.

[jaysabi]

Hello,

After successfully predicting BTC moves in 2016 here on the forum, I have a new set of 2017 predictions that I'm using to trade the current move.

1. Rise to $1,200-$1,300 (Current move)
2. Correction to $800-$900 level and range trading for a while
3. Rise to $1,500
4. Correction to $900-$1,000 and range trading for a while
5. Continued rise to $2,000 by end of year

tldr; BTC will double this year after making a couple of moves up and down.

Setting aside that your 2016 predictions weren't that accurate (50% accuracy is a coin flip), you provide nothing to back up your predictions, and currently aren't doing so well one week into 2017. Are you just shooting in the dark or do you have anything to base your predictions on other than whim? Because it seems more likely that we're in another deflating bubble period, as opposed to an environment that can sustain the momentum that ended 2016. This is a repeat of 2013.

[Nemiro]

Maybe the bottom line will be at 650$-700$ in this month then it will pump again over 900+ in February, 2017.
I can guess The price can reach at 1,200$ in this year.

[youdamushi]

I don't think it will take a run at $1500 very soon. Maybe towards the second half of the year. I expect range trading to last a while.

Not even sure it will happen, or at least this year. Even In the second half.

I don't really understand the price movement I have to say. There was such a great pump at the begining...
And now it's like no one wants to buy bitcoin
Well as long as we don't go under the 550 I guess it's alright. After all it was the price we had just a few months ago and it was clearly a stable one. Let's pray we don't go even under though...

[jaysabi]

I don't think it will take a run at $1500 very soon. Maybe towards the second half of the year. I expect range trading to last a while.

Not even sure it will happen, or at least this year. Even In the second half.

I don't really understand the price movement I have to say. There was such a great pump at the begining...
And now it's like no one wants to buy bitcoin
Well as long as we don't go under the 550 I guess it's alright. After all it was the price we had just a few months ago and it was clearly a stable one. Let's pray we don't go even under though...

The lower it goes, the more likely it is that it continues to trend lower. All the people who bought in in the last two weeks are now sitting on huge losses (30ish percent in under 2 weeks). That's going to make them very nervous while the price is showing no signs of stabilizing. Momentum works both ways. On the way up, everyone feels like they are missing out on easy profit, and pile in driving the price ever higher. On the way down, no one knows where the bottom is, and people want to protect profits they may have or stop losses they've already suffered, and the added selling pressure pushes down the price farther. The last time we were over $1000 was 2013. It took 3 years to get back there. There's no guarantee it will again.

[youdamushi]

I don't think it will take a run at $1500 very soon. Maybe towards the second half of the year. I expect range trading to last a while.

Not even sure it will happen, or at least this year. Even In the second half.

I don't really understand the price movement I have to say. There was such a great pump at the begining...
And now it's like no one wants to buy bitcoin
Well as long as we don't go under the 550 I guess it's alright. After all it was the price we had just a few months ago and it was clearly a stable one. Let's pray we don't go even under though...

The lower it goes, the more likely it is that it continues to trend lower. All the people who bought in in the last two weeks are now sitting on huge losses (30ish percent in under 2 weeks). That's going to make them very nervous while the price is showing no signs of stabilizing. Momentum works both ways. On the way up, everyone feels like they are missing out on easy profit, and pile in driving the price ever higher. On the way down, no one knows where the bottom is, and people want to protect profits they may have or stop losses they've already suffered, and the added selling pressure pushes down the price farther. The last time we were over $1000 was 2013. It took 3 years to get back there. There's no guarantee it will again.

Even if I understand rather well what you're saying and why it's logical, you're not reassuring me at all xD
Well fact is that it's not really similar to 2013 crash is it?
As far as I remember the 2013 crash was far stronger! And it had an explanation: lots of people knowing nothing or nearly nothing about btc and trying to buy some without understanding the risks. But here I don't think it's the case again because btc isn't especially talked about in the media.

[South Park]

I don't think it will take a run at $1500 very soon. Maybe towards the second half of the year. I expect range trading to last a while.

Not even sure it will happen, or at least this year. Even In the second half.

I don't really understand the price movement I have to say. There was such a great pump at the begining...
And now it's like no one wants to buy bitcoin
Well as long as we don't go under the 550 I guess it's alright. After all it was the price we had just a few months ago and it was clearly a stable one. Let's pray we don't go even under though...

If you are not a trader then you don't need to understand the movements just be aware they are there, sometimes the movements don't make sense anyway like the latest pump in the price, it seems some exchanges and miners were trying to manipulate the price and they were successful and now they obtained their profits they let the market crash.

[topesis]

Your $800 prediction correction comes early, I know certain that Bitcoin will test $2000 before the end of the year because there are so many economy in distress presently.

[baritus]

Hello,

After successfully predicting BTC moves in 2016 here on the forum, I have a new set of 2017 predictions that I'm using to trade the current move.

1. Rise to $1,200-$1,300 (Current move)
2. Correction to $800-$900 level and range trading for a while
3. Rise to $1,500
4. Correction to $900-$1,000 and range trading for a while
5. Continued rise to $2,000 by end of year

tldr; BTC will double this year after making a couple of moves up and down.

Setting aside that your 2016 predictions weren't that accurate (50% accuracy is a coin flip), you provide nothing to back up your predictions, and currently aren't doing so well one week into 2017. Are you just shooting in the dark or do you have anything to base your predictions on other than whim? Because it seems more likely that we're in another deflating bubble period, as opposed to an environment that can sustain the momentum that ended 2016. This is a repeat of 2013.

I use a combination of technical analysis, fundamentals, and past behavior. I modify my results to account for the pump and dump nature of bitcoin movements. So basically, I increase variance.

What do you mean I'm not doing well one week into 2017? So far, I've traded all moves perfectly. I sold at peak and I am now looking to repurchase once I verify my support levels. Also, the 2016 predictions were extremely accurate from a trading perspective as following them resulted in a generous profit.

We've now dropped to the $800 level I thought would serve as support for range trading. The level was broken through briefly but the speed at which the price returned to above $800 strengthens the support significantly. I will probably begin to buy again if the level holds until Monday.

I don't think BTC is in a bubble phase. I think the bubbles are short lived and over time add long-lasting value.

Both my first and second predictions for this year happened almost exactly