Bitcoin is Booming Fast Again – Can It Reach $10K by the End of 2017? – Case Study

nobin41 (37)in #bitcoin • 7 years ago (edited)

Everyone’s favourite cryptocurrency, Bitcoin booming right now. Right now 1 Bitcoin can get you 4322.15 US Dollar – which is constantly going up & down but always around $4000+. Not long ago, Bitcoin was down to $1900 in July, seems like the hard fork in August boosting its value even more where most people thought forking Bitcoin will end up hurting its value. So far until August 16, Bitcoin’s highest price is $4,430.0 according to Investing.com. Now the most important question is how much Bitcoin can raise this year in its value or another big fall coming ahead. In terms of market prediction it’s almost impossible to predict what’s coming ahead but there always some factor you can take into consideration and predict a possible outcome. Right now things are looking very positive for Bitcoin – as its recently took a big dip to $1900 and jump straight to $4000+ within weeks, Bitcoin getting lots of media attention and new investors. Most of the experts believe will continue to rise this year up to $14K. The Cointelegraph covered a story about legendary Bitcoin trader “masterluc” who predicts Bitcoin will rise to $15K by end of 2017.

1 Bitcoin = 10K by End of 2017 – Possible? Let’s See :

Popularity: Bitcoin is not just booming in value also in popularity, which plays a big role in its rise. More exposure its gets more its grows which means more people getting in the Bitcoin and more demand for acceptance of Bitcoin in our daily transactions.
Upwards Trend: Bitcoin is currently in a strong upwards trend which will continue for a quite a while according to experts. So we might see Bitcoin at 10K by the end of 2017.
Transactions & Demand: Bitcoin daily transaction and demands reaching a new high every day which will definitely keep raising its value. Bitcoin and the entire cryptocurrency market’s daily trading volume has surpassed $5.5 bln, with Bitcoin and Ethereum accounting for nearly $3 bln of the cryptocurrency market’s daily trading volume.