What do you guys think will happen to Bitcoin when it reaches the $5000? Give your predictions and let's create some swarm intelligence.
I think first of all, whether it will or not still remains a pretty big question mark.
We came pretty close to achieving that level but the resistance was strong enough to bring the price down to what we started with at the start of the week, which is concerning as usually we would break through with ease.
But if it does, i think that short term wise $5k will be established a floor(until the bubble bursts), and we'd be looking at $5500-5700. Every time we break a barrier it always overshoots by at least a few hundred dollars.