Bitcoin is still advancing More Good News

CryptoGuru Level X³

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October 9, 2016, 1:39 pm

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Bitcoin is still advancing More Good News

The Bitcoin price is moving up nicely in the past week. Last week the price was 615-618 just yesterday it reached $974. Rite now its at about 621 and i believe it will continue to advance in the next few weeks. End of October we may see a big rally boosting it past the last height of 650 where it was back in July. If Bitcoin advances past this we could see the price rise to 850 900 by end of November or within the first 2 weeks of December. How did i come up with this prediction? Well we have to take a look at history.`Bitcoin always has a peak of some sort sometimes as low as %5 and then drops but never below where the last peaked. This pattern is only broken when Bitcoin is over purchased like what happened in June. Below i have included a chart to help me explain better.



Lets just take a look at recent for now and you can apply this to anytime historically in Bitcoins History. September 2nd the price of Bitcoin is 576.00, September 3-6 it rose all the way up to 624. After this slight increase Bitcoin dropped on the 21st but the lowest it went to was 598. The price again is 621 now which is the highest its been since The drop July 31st to August 3rd. If Bitcoin does what i think it will do in the next 3 months the new low will be no less than 750-775 Which is higher than the peak in July. If you have not purchased Bitcoin yet id say now is the time.


As always thanks for reading Please don't forget to follow me.


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Lynne

Lynne

Thanks Jkeyz2. Just out of interest roughly what was the price of Bitcoin at the beginning of this year? Say around January or February?

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CryptoGuru

CryptoGuru

January 3rd the price of Bitcoin was 431, That is almost a %50 increase. When we started the price of Bitcoin was 375 end of January. The price of Bitcoin will only go up you will not see it ever go back down to 430 unless some HUGE crash happens. Its very unlikely that this will happen, Bitcoin is more stable now than it has ever been. I will keep you guys updated on the price and what is going on it because it also keeps me sharp and ready to make good trade deals. Thanks for your interest i appreciate your response.

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Lynne

Lynne

OMG that is a massive increase! Yes I agree with you that Bitcoin will just go up.

I am looking forward to more updates.

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CryptoGuru

CryptoGuru

Yes it is and its not over The Bitcoin price is expected to be over 2000 in the next 2 years. In the next 3-5 years Bitcoin will be in the 3 to 5 thousand dollar range.

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Corzhens

Corzhens

Pardon me for saying this but I have noticed that you have been posting updates from time to time about Bitcoins and other crypto currency. One thing that is noteworthy with your updates is the fluctuating value of those crypto currencies which acts like a real currency. However, the valuation is just dependent on the law of supply and demand and not the real value in commerce like the US dollar and other legitimate currencies.

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