Whether bitcoin able to penetrate the price of 5000 $

[AK47-]

$5000 is not happening this year that is for sure. But it will definitely happen some day. Price was ridiculously increasing in past days which shows a dump was near. Now when bitcoin is $2000, this is the original pace of bitcoin. A lot of people are buying bitcoin at present. Definitely a good sign. It will reach $3000 by the end of the year.

[chaser15]

When viewed from the bitcoin price charts it seems that prices continue to climb, for until the end of this year can be bitcoin penetrate the price 5000 $

Let's share your prediction here?

I don't really mind if that target will be achieved this year since the important thing here is, it will surely hit $5,000 even it will took a couple of years more. But to me, if we are to based the current bitcoin adoption today, no need to wait for couple of years just to hit that target. Take note that there are lots of bitcoin predictions that didn't happened expectedly in short time like the price passed the $1,000 level and to surprisingly around $3,000.

Let's just hope for the best. Our desired target that is close to reality will happened anytime soon.

[Ayiranorea]

I believe the price of bitcoin will easily reach $5000. Only the time period seems unpredictable, because even before the past increase everyone has a belief that price crosses $2500 but none expected the same will happen this short. So $5000 is achievable, and in my view it may happen by the year end or before the mid of 2018.

[rajasumi3]

Well the price of bitcoins would increase upto 5000$ by the end of this year and we can expect that the price of bitcoin to reach upto that ,well it might increase the price upto 8000$.People will say that it is bubble but it is not,it is just a price correction and their will be price hike in no time.

[abubakrrali]

IMHO bitcoin is able to penetrate the $5000 but of course not now, I think the current surging trend will end something around $2500 or so and then stabilize along with this range, sometimes even been pushed back. To get another 4-5 rising trend BTC would at least need few years.

[PokerFace3]

Well the price of bitcoins would increase upto 5000$ by the end of this year and we can expect that the price of bitcoin to reach upto that ,well it might increase the price upto 8000$.People will say that it is bubble but it is not,it is just a price correction and their will be price hike in no time.

But I believe prices may hit $5000 levels by June month of this year too. Because, this sudden correction has no justification so we are unable to find any reasons for prices falling down from $2850 levels. It may mean that some whales would have booked profits and panic traders just followed them. But actually bitcoin was poised to reach $3000+ levels by this time if that correction was not happening.

Based on these, I speculate bitcoin may reach $5000 levels in June and $10,000 in December. We are going to have more number of new investors world wide. Get ready for reaching moon !

[TravelMug]

Seriously I doubt that bitcoin can reach $5000 this year. We already seen the correction price and it seems to we need to doubled it this year to touch $5000 so it won't happened. There will be boring phase from now on, so its gonna be a steady climb back to where the price is originality before all this dumping has began. I can only speculate in the next year we can probably reach the magically $5000 barrier.

[mudboy93]

I had no confidence even in $3000 actually, and presumed the $2500 was the final line and it will just stand there or fall slightly, however now that it's almost close to $3000 again (at least the last time I checked), then reaching $3000 or $4000 shouldn't be impossible, not sure about $5000 for a year or two...