and we go again to test our prediction skills, my prediction is $17000... I've made so many predictions that I've already lost count
Top Wall Street Analysts Set New Bitcoin Price Targets Above $10.000" Wall Street’s Tom Lee Releases New Target
CRYPTO FX (Lee): Raising mid-18 targets BTC/GBTC to $11,500/$1,300 was released 22 November 2017, and in it Fundstrat’s Tom Lee announced, “We are raising our mid-2018 Target of Bitcoin to $11,500 and that of Bitcoin Investment Trust (GBTC) to $1,300.”
“A few weeks ago,” Mr. Lee wrote, “we turned short-term neutral on bitcoin as the price level then (~$7400) exceeded our estimate of fair value. Last week, Bitcoin fell to $5,600 and since then rebounded. In our view, this move to $5,600 cleaned up weak hands and we no longer feel caution is warranted,” he declared. "
" Ronnie Moas Revises Bitcoin to $14,000
Writing to clients this week, Standpoint Research’s Ronnie Moas believes, “There have been many positive developments during the last five months and a few of the obstacles that were in Bitcoin’s way have been knocked down,” he wrote. “An argument can be made that the good news is still not fully reflected in the current price.”
CNBC’s Tae Kim reports, “As a result, the analyst raised his 2018 price target for Bitcoin to $14,000 from $11,000, representing nearly 70 percent upside to its current level.”
Recent announcements from CME on a pending futures market for bitcoin, along with Square embracing bitcoin on its platform, have all played a role in Mr. Moas’ calculations. "
next year will be very interesting