I'd bet money that it won't be over $125 tomorrow.
i can confirm that this is a good target for this rebound. we'll probably peak lower.
Id like to hear your analysis for whats about to happen with bit coin over the weekend
Also are you a believer in the long term success or just making easy money?
there's no such thing as easy money
bitcoin has already gained an enormous amount of traction in just 4 years, but it is impossible to predict what will happen even in the coming year as far as success/failure because what was once a tiny niche community has ballooned into a large ecosystem with many, many independent variables.
that being said, i do think bitcoin is fascinating. i believe adoption of it or another similar technology would help destroy the rigged structures of 'capitalism' that are in place today.
as for a weekend forecast, i wouldn't expect too much action -- last two weekends in a row saw more than 50% less volume per day than the week on average. as i suggested above, we are short-term oversold so i expect a slight upwards correction to the downtrend. it remains to be seen how significant this reversal is, and if we could see a short-term bull any time soon.
