$10,000 Bitcoin Price BTC Tests All-Time High

[bestt30]

Bitcoin Price Reaches New All-Time High

Sunday evening, the bitcoin price surged from $5,660 to an all-time high of $6,345 on Bitfinex, the highest-volume bitcoin exchange. Although it has since experienced a $300 taper, the bitcoin price continued to trade above $6,000 on Monday.

CCN reported, there are a variety of factors contributing to this surge. In Asia, traders are bullish about South Korea’s decision to regulate bitcoin as a commodity, which many believe will enable the market to continue to grow at a healthy pace. There is also speculation that China will ease restrictions on bitcoin exchanges now that President Xi Jinping has secured his position as head of the Communist Party of China for the foreseeable future.

In the U.S., meanwhile, analysts anticipate that the Securities and Exchange Commission (SEC) will soon grant their approval to the first exchange-traded fund (ETF) that tracks the price of bitcoin. Bitcoin ETFs, coupled with the recent launch of LedgerX’s regulated derivatives platform, are expected to initiate a wave of Wall Street investment in the crypto economy.

No Difficulty Reaching $10,000

Commenting on these developments, along with bitcoin’s swelling user base, RT host and longtime bitcoin bull Max Keiser predicts that the bitcoin price will reach $10,000 within the near future. “Hello $10,000!,” he wrote on Twitter.

Keiser added– as he often reminds his followers — that he set a $100,000 bitcoin price target in 2011, when it was trading at just $3. “Anyone who thinks Bitcoin will have any difficulty breaking $10,000 has not been paying attention,” he concludes.

Of course, bitcoin must pass at least one significant test before it can cross the five-figure threshold. The looming SegWit2x hard fork — which is now just two weeks away — continues to pose a significant threat to the short-term trajectory of the bitcoin price. This contentious hard fork — if activated — will cause significant confusion, particularly for newer users, and may lead to wild fluctuations in the bitcoin price, especially if neither of the two blockchains quickly emerges as the clear victor in the struggle for the “Bitcoin” brand.

Nevertheless, Keiser’s bullishness is true to form — and has served him well in the past. Earlier this year, Keiser celebrated bitcoin’s then-record level of $3,000 by declaring that $5,000 was “in sight”. Many scoffed at this prediction, which came at a time when a blockchain split appeared like an increasing possibility. A split came, in the form of Bitcoin Cash, but the bitcoin price shrugged off the fork and punched through $5,000 anyway, confirming Keiser’s forecast. Now, just five months later, Keiser remains confident that bitcoin will to prove resilient in the face of a blockchain split once again.

Source
http://www.coinn.club/bitcoin-altcoin-signals/10000-bitcoin-price-btc-tests-all-time-high/

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[squatz1]

So some random domain with a .club address is saying that Bitcoin is going to easily cruise past 10,000? You almost got me at first, when you wrote CCN as I thought you were writing CNN (not like I believe MSM anyway, I just thought a bigger news source was giving Bitcoin some publicity)

This site is pratically the owners blog with a shitty name behind it. If you're going to say things that are stupid, at least have a good source to back your claim. Not some no name site which means jack shit to everyone.

Thanks!

[Schirer]

Not to take in account the source as price predictions, I think that we will see 10K$ in less than 6 months.
That is just my opinion on this matter.

[Gotomoon]

Not to take in account the source as price predictions, I think that we will see 10K$ in less than 6 months.
That is just my opinion on this matter.

Well, I think this is possible to happen bitcoin price would reach $10,000. I am positive it may reach at this price because currently it continues to increase. Though there are many prediction even CNN has it's source but let's see until what price may reach.

[Creepings]

Not to take in account the source as price predictions, I think that we will see 10K$ in less than 6 months.
That is just my opinion on this matter.

We've seen $6000 from a $600 price last year so I think this is kind of true. It might go beyond $10K since many more people are getting to these digital currency. This price pumps are so insane so this possibility is not impossible.

[roddy5]

Bitcoin will indeed reach that price, the only question is when.
Will it be before 2017 ends or will it be by 2018.

What really matters is the number of people who is in bitcoin.
The more people who gets into bitcoin the higher the demand
the higher the price to expect. So once more and more FUDs and
news are released about the coin expect for it to reach this level earlier.

[LoudA__]

Bitcoin will indeed reach that price, the only question is when.
Will it be before 2017 ends or will it be by 2018.

What really matters is the number of people who is in bitcoin.
The more people who gets into bitcoin the higher the demand
the higher the price to expect. So once more and more FUDs and
news are released about the coin expect for it to reach this level earlier.

I think 6 months is not enough to reach this price. It is so expensive to be in that price. The bitcoin price can't even stop or stay at the number of $6000. If the price of bitcoin can stay at that price, there is a high possibility of getting a $10K price next year.

[altcoinci]

It's likely to happen in 6 months.

[no0dlepunk]

Oh well, in the mid 2017, most people that I know have called bitcoin a bubble and told me that it will totally crash after it hits the $3000 mark. Now, those same people are trying to work their asses so hard just to accumulate bitcoins because they now believe that it would reach the $10000 very soon. Well, I guess nobody needs CNN nor Nostradamus to believe the $10,000-so-soon prophecy.