+400$ by the night then we can celebrate early Christmas. I'm expecting 500$ until the end of the year.
To me it seems that predictions of BTC's price movements in the coming month or two remains quite difficult to predict with any kind of precision.
Currently, I am thinking that in the short term, one to three months, it may be somewhat healthy for the whole Bitcoin space if the price were to float between $380 and $420.
It seems that the Bitcoin space is not really capable of $380 to $420 stability at this stage of its existence, and we are likely to witness considerable continued BTC price volatility during the next approximate 2 months outside of the $380 to $420 price range (or any other approximately 10% price range). There simply remains uncertainty and disagreement regarding the current BTC price, which translates as an ongoing price battle.
I'm fairly confident that near term price volatility could be either upwards or downwards (or sideways..
- just kidding).
Personally, upwards would be nice, but I think that if btc price were to break passed $440-ish within the next few weeks then that price movement becomes a kind of green light signal for anyone else who is watching the space, and accordingly, $600 seems nearly inevitable to follow soon thereafter or even a higher subsequent BTC price point.
On the other hand it seems as if any such $600 BTC price arena would not be sustainable in the short term.
In the end, my sense of potential upward BTC price dynamics, as outlined above could become inaccurate because it remains really difficult to predict exactly where BTC's price is going when the market cap remains at this relatively low level and some fairly small financial players can invest relatively small amounts but wield a decent impact on BTC's short term price direction In that regard, there remains some curiosity concerning what some of the bigger financial players are doing (or attempting to do) in the bitcoin space or any attempts to manipulate BTC prices that can really interfere with any kind of real short term BTC price predictability - whether predicting upwards or downwards in price movements.
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