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TDKMATT

Bitcon to go to $1500 by End of the year?

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Very interesting read....what does everyone else think?

Technical Analysis: $1500 and Beyond

Long-Term Analysis

Bitcoin Price Technical Analysis

After bullish signs flooded the markets, the bitcoin price has shifted into an upward rally. According to technical indicators, this rally should last until we hit $820, after which a sideways market will prevail.

If this scenario gets confirmed, quotes would be able to double again to the year-end objective beyond $1800. The current Elliott Wave Theory 5th phase could be evaluated at the same size as the 1st wave that took place on 2015´s 3rd quarter.

Following the “ABC ending,” that would happen at $820, which should be thought as a lateral sideways market

Mid-Term Analysis

Bitcoin Price Technical Analysis

Bullish consensus is still getting stronger. According to indicators, the technical objective is a lateral sideways market near $820.

If confirmed, that scenario be seen as another bullish sign, allowing the chance for another climb into an euphoric bubble, more than doubling the price to $1500 and beyond.

Short-Term Analysis

Bitcoin Price Technical Analysis

Prices have entered a synchronization process, recovering their lag against technical indicators. A full synchronization in the short-term shows a continued rise to $820.

Japanese Candlesticks Analysis reflects the chance of another upward movement after the arriving to the technical lateral market at $820. However, the time extension of that lateral movement would determine the next bubble´s size.

Staff opinion: We believe the bitcoin price will stay near $700 for a while, acting as a psychological resistance to further increases. After being tested by profit-taking, the bulls will likely attempt to push beyond $700, triggering a rally that confirms the present technical analysis. The timeline for this prediction is uncertain, we believe that it may or may not happen by the end of 2016

What do you think will happen to the bitcoin price? 

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Interesting report, although I think 1500 by the end of the year is a bit of a stretch. But hey, I wouldn't be against it.... 9_9

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20 hours ago, LiV3WiR3 said:

I think it'll dip to near 620-650 temporarily and then start climbing again. I think we'll see $2500/btc next year near June/July.

What makes you say it will go to $2500?

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2 hours ago, TDKMATT said:

What makes you say it will go to $2500?

Just have this weird gut feeling. :P Next 1-2 years are going to be great for BTC.

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Most of these predictions seem overly bullish. But I think with Trump taking office soon ya'll are gonna see BTC rise. If Trump puts those tariffs on Chinese goods it will happen most def. 

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4 hours ago, Floflyer said:

Most of these predictions seem overly bullish. But I think with Trump taking office soon ya'll are gonna see BTC rise. If Trump puts those tariffs on Chinese goods it will happen most def. 

I agree

Trump lives in the past. Protectionism didn't save the economy in the 1930s (Smoot–Hawley Tariff Act) , it won't save it now.

Maybe these possible tariffs on Chinese/Mexican goods will push more people to adopt Bitcoin?

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BTC could go to 1500..but that will depend on acceptance of it as a real currency ( hold-on. . . before you try to shoot me, hear me out)

as more & more governments accept BTC & more laws come out about it acceptance...that would boost the user base & demend on it.

just think about it and put technical analysis aside..look at it on a supple & demend stand point

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10 hours ago, blackwind said:

BTC could go to 1500..but that will depend on acceptance of it as a real currency ( hold-on. . . before you try to shoot me, hear me out)

as more & more governments accept BTC & more laws come out about it acceptance...that would boost the user base & demend on it.

just think about it and put technical analysis aside..look at it on a supple & demend stand point

Good Point, Also with the acceptance of BTC in India and other countries it could really take off as mainstream.

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On 11/11/2016 at 11:01 PM, LiV3WiR3 said:

I think it'll dip to near 620-650 temporarily and then start climbing again. I think we'll see $2500/btc next year near June/July.

I guess I was right lol. $3000 seems easy now.

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