My Bitcoin prediction for the next few weeks

CryptoGuru Level X³

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November 22, 2016, 5:58 pm

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My Bitcoin prediction for the next few weeks

Bitcoin is really killing them in a good way. The currency has been battling the higher resistants of 750 and it looks like we may see it push past 750 into the 800 range pretty soon. As you guys know recently we say a rally up to 750 since then it fell into the 730 range but now its back up and looking very bullish. The chart below shows a increase and a uptrend for the past 24 hours.



You can see that the incline is starting to slow down by the lines i put on the chart. Two things can happen, one we can see a price correction back below 715. The second thing that could happen is that we continue to maintain the 745-750 price and then see a rally within the next 2 weeks. I don't think it could go either way i honestly and firmly believe we are seeing the start of a big rally. Why do i think that? We have so many countries trying to come online wit BTC that a price increase is inevitable.

What is my prediction for the next few weeks? I think that by the second week of December we will see Bitcoin passed 800 and pushing towards the 900 range. If im correct about this we will see Bitcoin up over 1000 by February. I have been correct before but what do you guys think? When i started writing about Bitcoin the price was 570-580 range. I hope you invested!

As always thank you for reading please don't forget to follow me and like the topic.

https://listingdock.com/user/jkeyz2

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Everett

I hope bitcoin continues to do well, would love to see it past 1000 and keep on moving up. I think your projections, and also predictions are quite accurate. I think the price always shoots up around the holidays, because people are buying more, same with the dollar currencies. There's always an influx when masses are buying, this is why some products go up in price, and some go lower around this time of year.

I wouldn't doubt that the price spike would last until after New Years day. It's always great to see something you invest in go up in price, but it is so worrisome when it drops as much as it went up. I think BTC is the future of the monetary system, and it's about damn time too.

0 8 years ago

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CryptoGuru

Honestly think it will continue to do well we have a good foundation and a good network to do so. Once we get passed this hurdle of transaction speed i think we will see worldwide adoption of BTC. So many countries are talking about coming on board with Bitcoin that its very possible that 2017 could be the best year we see EVER! Don't forget BTC doubled this year with almost no problems what so ever. We will see if im correct once again!

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hitmeasap

Thank you for another good posts jkeyz2. As always, I appreciate your BTC topics!

I just thought about something. I know you've invested quite a bit in BTC and you also encourage people to invest as you can see how great BTC are. I do understand that this currency is the future, and it totally looks like it is, so I would say that investing in BTC truly is a good option.

However, aren't you afraid of a downfall?
- Sure it might not seem very likely for that to happen, and especially not anytime soon.. But it could happen, right?

How do you think people would react to something like that. Imagine that BTC literally crashed and was worth $2. - I can just imagine what would happen to several businesses and people.. Their life's would probably be ruined or something.

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CryptoGuru

This is very unlikely in fact its more likely that the world will see an Ice Age. When the governments of the world start to see the value in something that means its going to blow up. Every industry is driven by greed except Bitcoin, and other crypto currencies. These types of networks are run on trust and equality, which is why you see low fees to send money. When it comes to me being afraid of a down fall i would have to say i have no worries in the world about a crash. Something new better would have to come along and everyone would have to sell BTC in order for that to happen.

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hitmeasap

Thank you jkeyz2, I appreciate your answer. As I'm nothing near an expert in this field, I'll have to believe what you say. ;)

I know you have much knowledge and experience in crypto currencies, and especially BTC, so what you've said makes totally sense to me. That being said, you mentioned industry and governments. For someone like me who isn't as experienced as you are, is BTC really THAT big nowadays, so literally everyone are using it, or accept it? - I've always thought that BTC still is something rather rare and that most people don't use this at all. But perhaps I'm wrong.

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Lynne

Andre you are right, it is not so common but like I just mentioned below I am starting to see it being accepted more and more. I believe it will take a little time, but I do believe that cryptocurrency is the way of the future. Think about, everything is going online!

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CryptoGuru

That is correct Lynne great point.

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CryptoGuru

I am very afraid that out are missing out on a major opportunity. Many many BIG companies are accepting Bitcoin at the moment and more and more are showing interest. We are talking major brands getting involves like Victoria Secret, Overstock, Amazon, Dish Network, K Mart, Expedia, Subway and so much more! These are not even mentioning smaller family owned businesses that accept Bitcoin.

Here is the entire list of companies keep in mind this was 6 months ago and many more big names have jumped on in this time.

https://99bitcoins.com/who-accepts...s-take-bitcoins/

2017 is really going to be the deciding factor for the currency if it does really well like it did this year than we could see major increase into 2018. I would say everyone uses or follow BTC but it is catching on rather quickly.

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Lynne

Jkeyz2 I have been watching your updates about Bitcoin for a few months now and so far you've been spot on with everything you have predicted. Until I started following your posts my understanding of Bitcoin was something between a scam and something too confusing to understand. You've got me to sit up and take notice, and to understand that cryptocurrency is the future of the world.

I can certainly see Bitcoin rising up well over 1000 in early 2017. I have recently seen a number of companies having Bitcoin as a payment method on their websites and this was not common a little while ago. It do think that this is the way of the future. Yes I think maybe Bitcoin may drop a little soon but I do agree that there will be a massive increase in value very soon and this will just keep on the up and up as people start using it more.

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CryptoGuru

It has dropped a little bit but you know what as i explained in my latest post it just shows improvement. We will see 800 in December if not than something is very wrong lol.

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Corzhens

In one other discussion in this forum, I have read that they are suspecting the Chinese to be influencing the value of Bitcoins and other cryptocurrencies. If that is the case, China is the biggest market in the world and if they are united in their action then they can control almost anything. And that includes the value of Bitcoins since it is not really clear who or what is dictating the value of such currency.

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