Bitcoin could be heading to $6,000 by year-end

[Dalmar]

For me for sure bitcoin price will reach 6k dollars. So if you have extra money in your pocket its better if you invest now in bitcoin and for sure before end of this year 2017 you will earn some profit. But we dont know what actually happen if the price increase or decrease. But for sure as of now now the chances of increasing price is very high.

Uptrend still continue to make a new high levels and biggest resistance level is 10000$ for near future. Buying on uptrend sounds reasonable but smart investors always wait for bounce

[hatshepsut93]

It is very possible that investors are waiting for the whole SegWit2x situation to resolve before buying more, or they may also be looking for an opportunity to buy cheap coins if there will be some panic during the fork. The situation was similar during SegWit activation and Bcash fork - Bitcoin had a rally to $3,000 some time before those events, then it slowed down, then there was a panic/manipulation which caused a very short lived dip and a few weeks later a new bull run started. But history doesn't always repeat itself, sometimes traders extrapolate past market reactions so the effect of similar events gets smaller.

[saenko]

I'm sure that by the end of the year bitcoin will touch the $ 6000 mark. The panic is over and he begins to grow again, even if there is a slight fall, then by the end of the year he will have time to recover.

[denny27]

Less certain but i think if we see from the movement of bitcoin prices that continue to go above $4000 there is a possible bitcoin prices could reach $6000 by the end of this year. Well hopefully it really happened, this is surely right now is the right time to start investing for us. And maybe there will be some more recent news also that will coming up and try to hold the bitcoin price going towards to higher i guess.

[ipanks]

Less certain but i think if we see from the movement of bitcoin prices that continue to go above $4000 there is a possible bitcoin prices could reach $6000 by the end of this year. Well hopefully it really happened, this is surely right now is the right time to start investing for us. And maybe there will be some more recent news also that will coming up and try to hold the bitcoin price going towards to higher i guess.

i am thinking the same with you and as long as there is no bad news is release, i think bitcoin can reach $5000 first and then reach $6000 in the end of the year. but i am curious what will happen in this end of the month because the fork is coming and i am sure that there will be some people that want to make bitcoin price is down because they are waiting the moment to make people panic. we should hold tight our bitcoin to not be weak hands because we don't want to regret if we sell bitcoin at the low price because of panic.

[Eugenar]

CNN News says "Bitcoin could be heading to $6,000 by year-end"
I am imagining what would have been the state had we not got stuck in multiple FUDs this year.

That would be possible if the next segwit2x will be successful just like the recent one which happened last month of August. The previous hardfork made the value of Bitcoin increase from 2800 upto 4000$+ in jist a short period of time. Eventhough Bitcoin is still recovering from the recent backrop, it is still possible for it to reach 6k before this year end. If same thing woukd happen in the hardfork as I've mentioned earlier.

[Astrilian]

Would be interested to know how CNN comes to that conclusion, do you have article handy?

[1Referee]

That would be possible if the next segwit2x will be successful just like the recent one which happened last month of August. The previous hardfork made the value of Bitcoin increase from 2800 upto 4000$+ in jist a short period of time.

Segwit2x successful? It can only result in a negative event. Please lookup what Segwit2x exactly is, I don't think you've got much clue. Segwit, the original proposal that has been activated in August, was the event that caused the market to increase significantly. The Segwit2x proposal is the result of an agreement by various entities to have their shot after allowing the original proposal to activate. Currently there are already a few entities having withdrawn their 'support' for Segwit2x, because they know that this is a completely unnecessary fork, and can potentially harm Bitcoin due to the influence of various malicious entities. Realistic situation is that we'll see a chain split happen, and while some people will be happy with their "free" coins, there is no positivity here.